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

Modiv Industrial, Inc. (NYSE:MDV) declared a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.0975 per share on Tuesday, February 25th. The ex-dividend date 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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

Modiv Industrial stock opened at $14.42 on Wednesday. Modiv Industrial has a 12 month low of $13.69 and a 12 month high of $18.11. The company has a fifty day moving average price of $15.37 and a two-hundred day moving average price of $15.77. The company has a market cap of $139.10 million, a PE ratio of -131.05 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.52). The company had revenue of $11.59 million for the quarter, compared to analyst estimates of $11.90 million. Modiv Industrial had a net margin of 6.72% and a return on equity of 1.42%. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities research analysts anticipate that Modiv Industrial will post 1.18 earnings per share for the current 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.