Modiv Industrial, Inc. (NYSE:MDV) Announces $0.10 Monthly Dividend

Modiv Industrial, Inc. (NYSE:MDV) declared a monthly dividend on Tuesday, March 17th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.10 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Friday, May 29th.

Modiv Industrial has a 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 Stock Performance

Shares of MDV stock traded up $0.29 during mid-day trading on Thursday, reaching $14.57. 52,530 shares of the company’s stock traded hands, compared to its average volume of 57,626. 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 $14.98 and a two-hundred day moving average price of $14.75. The firm has a market capitalization of $149.66 million, a PE ratio of -56.05 and a beta of -0.31.

Hedge Funds Weigh In On Modiv Industrial

Several large investors have recently made changes to their positions in MDV. Goldman Sachs Group Inc. increased its holdings in Modiv Industrial by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,557 shares of the company’s stock valued at $555,000 after acquiring an additional 9,615 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Modiv Industrial by 129.2% during the 1st quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock valued at $730,000 after purchasing an additional 25,645 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Modiv Industrial by 130.1% during the second quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock valued at $3,160,000 after purchasing an additional 126,850 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Modiv Industrial during the second quarter valued at about $30,000. Finally, LSV Asset Management bought a new stake in shares of Modiv Industrial in the second quarter worth about $230,000. 8.21% of the stock is currently owned by hedge funds and other institutional investors.

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.