Modiv Industrial, Inc. (MDV) To Go Ex-Dividend on February 27th

Modiv Industrial, Inc. (NYSE:MDV) declared a monthly dividend on Friday, January 16th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.10 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, February 27th.

Modiv Industrial has a dividend payout ratio of 857.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Modiv Industrial to earn $0.87 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 137.9%.

Modiv Industrial Trading Down 1.2%

NYSE MDV opened at $15.29 on Wednesday. The stock has a market cap of $157.15 million, a PE ratio of -58.82 and a beta of -0.31. The company’s 50-day moving average price is $14.82 and its 200-day moving average price is $14.76. Modiv Industrial has a 12 month low of $13.62 and a 12 month high of $17.15.

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.