Modiv Industrial, Inc. (MDV) To Go Ex-Dividend on June 30th
by Michael Walen · The Markets DailyModiv Industrial, Inc. (NYSE:MDV – Get Free Report) declared a monthly dividend on Tuesday, March 17th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.10 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Tuesday, June 30th.
Modiv Industrial has a dividend 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. 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 Up 2.1%
MDV stock traded up $0.29 during mid-day trading on Thursday, reaching $14.57. 52,530 shares of the company traded hands, compared to its average volume of 57,626. The stock has a market cap of $149.66 million, a price-to-earnings ratio of -56.05 and a beta of -0.31. Modiv Industrial has a fifty-two week low of $13.62 and a fifty-two week high of $17.15. The firm’s 50 day moving average price is $14.98 and its 200 day moving average price is $14.75.
Modiv Industrial Company Profile
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.