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

Modiv Industrial, Inc. (NYSE:MDV) announced a monthly dividend on Tuesday, January 20th. Investors of record on Friday, January 30th will be given a dividend of 0.10 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Friday, January 30th. This is a 2.6% increase from Modiv Industrial’s previous monthly dividend of $0.10.

Modiv Industrial has a 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 Down 0.3%

Shares of Modiv Industrial stock traded down $0.04 during trading on Tuesday, reaching $14.68. 31,504 shares of the stock were exchanged, compared to its average volume of 35,168. The firm has a market cap of $150.77 million, a price-to-earnings ratio of -56.47 and a beta of -0.31. Modiv Industrial has a 1 year low of $13.62 and a 1 year high of $17.15. The stock’s fifty day moving average is $14.58 and its 200 day moving average is $14.66.

Hedge Funds Weigh In On Modiv Industrial

A number of institutional investors have recently bought and sold shares of MDV. JPMorgan Chase & Co. lifted its holdings in Modiv Industrial by 123.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,022 shares of the company’s stock worth $161,000 after purchasing an additional 6,087 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Modiv Industrial in the third quarter worth $253,000. Bank of America Corp DE boosted its position in shares of Modiv Industrial by 248.2% during the third quarter. Bank of America Corp DE now owns 10,482 shares of the company’s stock worth $153,000 after acquiring an additional 7,472 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Modiv Industrial during the third quarter worth $824,000. Finally, BNP Paribas Financial Markets grew its stake in Modiv Industrial by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after acquiring an additional 866 shares in the last quarter. 8.21% of the stock is owned by 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.