Modiv Industrial, Inc. (NYSE:MDV) Plans Dividend of $0.10

Modiv Industrial, Inc. (NYSE:MDV) announced a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Friday, January 31st will be given a dividend of 0.0975 per share on Tuesday, February 25th. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Modiv Industrial’s previous dividend of $0.10.

Modiv Industrial has a payout ratio of -1,170.0% 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 $1.17 annual dividend with an expected future payout ratio of 134.5%.

Modiv Industrial Stock Performance

Modiv Industrial stock opened at $14.42 on Wednesday. Modiv Industrial has a twelve month low of $13.69 and a twelve month high of $18.11. The firm has a market cap of $139.10 million, a PE ratio of -131.05 and a beta of -0.20. The firm’s 50 day moving average price is $15.37 and its two-hundred day moving average price is $15.77.

Modiv Industrial (NYSE:MDV) last issued its earnings results on Wednesday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.52). The firm had revenue of $11.59 million during the quarter, compared to analyst estimates of $11.90 million. Modiv Industrial had a return on equity of 1.42% and a net margin of 6.72%. During the same period in the previous year, the company earned $0.33 earnings per share. Equities analysts anticipate that Modiv Industrial will post 1.18 EPS for the current fiscal year.

Modiv Industrial Company Profile

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.