Modiv Industrial, Inc. (MDV) To Go Ex-Dividend on January 31st

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

Modiv Industrial has a dividend payout ratio of -1,170.0% 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 Price Performance

Shares of NYSE:MDV traded up $0.01 during trading on Wednesday, reaching $14.42. 1,764 shares of the company were exchanged, compared to its average volume of 26,424. The business’s fifty day simple moving average is $15.37 and its 200-day simple moving average is $15.77. Modiv Industrial has a 12-month low of $13.69 and a 12-month high of $18.11. The firm has a market capitalization of $139.10 million, a PE ratio of -131.08 and a beta of -0.20.

Modiv Industrial (NYSE:MDV) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.52). Modiv Industrial had a return on equity of 1.42% and a net margin of 6.72%. The firm had revenue of $11.59 million for the quarter, compared to analysts’ expectations of $11.90 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, sell-side 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.