Modiv Industrial, Inc. (MDV) to Distribute Monthly Dividend of $0.10 on August 10th

Modiv Industrial, Inc. (NYSE:MDV) announced a monthly dividend on Wednesday, June 10th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.10 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Monday, August 3rd.

Modiv Industrial has a payout ratio of 857.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Modiv Industrial to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 78.9%.

Modiv Industrial Price Performance

Modiv Industrial stock opened at $17.30 on Friday. The company has a market cap of $178.48 million, a price-to-earnings ratio of -42.18 and a beta of -0.07. The firm has a 50-day moving average of $17.95 and a 200-day moving average of $16.36. Modiv Industrial has a one year low of $13.80 and a one year high of $18.96.

Modiv Industrial (NYSE:MDV) last released its earnings results on Friday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). The company had revenue of $11.70 million during the quarter, compared to analyst estimates of $11.43 million. Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%. As a group, sell-side analysts expect that Modiv Industrial will post 1.39 earnings per share for the current year.

About Modiv Industrial

Modiv Industrial, Inc (NYSE: MDV) is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant industrial properties. The company’s portfolio is anchored by net-lease agreements with corporate and public sector tenants, providing stable, long-term cash flows. Modiv Industrial focuses on light manufacturing facilities, warehouse and distribution centers, and similar industrial real estate assets that serve as critical links in supply chains.

Modiv Industrial pursues a geographically diversified strategy, targeting properties in key U.S.