Modiv Industrial, Inc. (MDV) To Go Ex-Dividend on December 31st

Modiv Industrial, Inc. (NYSE:MDV) announced a monthly dividend on Tuesday, October 7th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.0975 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Wednesday, December 31st.

Modiv Industrial has a dividend payout ratio of 835.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Modiv Industrial to earn $0.87 per share next year, which means the company may not be able to cover its $1.17 annual dividend with an expected future payout ratio of 134.5%.

Modiv Industrial Stock Up 2.1%

Shares of MDV stock opened at $14.75 on Monday. The company has a market capitalization of $151.48 million, a P/E ratio of -56.73 and a beta of -0.32. Modiv Industrial has a 12-month low of $13.62 and a 12-month high of $17.15. The firm has a 50-day moving average price of $14.61 and a 200 day moving average price of $14.64.

Hedge Funds Weigh In On Modiv Industrial

A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in Modiv Industrial by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after purchasing an additional 866 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Modiv Industrial during the second quarter worth $30,000. Penserra Capital Management LLC raised its position in shares of Modiv Industrial by 3.5% during the third quarter. Penserra Capital Management LLC now owns 74,973 shares of the company’s stock worth $1,097,000 after acquiring an additional 2,535 shares during the last quarter. Bank of America Corp DE boosted its holdings in Modiv Industrial by 3,913.3% in the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock valued at $42,000 after acquiring an additional 2,935 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Modiv Industrial by 858.3% in the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after acquiring an additional 4,420 shares during the last quarter. 8.21% of the stock is currently owned by institutional investors and hedge funds.

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.