Modiv Industrial, Inc. (MDV) To Go Ex-Dividend on April 30th

Modiv Industrial, Inc. (NYSE:MDV) declared a dividend on Thursday, March 13th, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 0.0975 per share on Thursday, May 15th. The ex-dividend date of this dividend is Wednesday, April 30th.

Modiv Industrial has a dividend payout ratio of 3,900.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Up 2.0 %

Shares of NYSE:MDV opened at $16.64 on Monday. The business has a 50 day moving average of $15.35 and a 200-day moving average of $15.59. Modiv Industrial has a 12-month low of $13.62 and a 12-month high of $18.11. The stock has a market cap of $165.85 million, a PE ratio of -151.27 and a beta of -0.24.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on Modiv Industrial in a research note on Tuesday, April 22nd. They issued a “buy” rating and a $18.00 price target on the stock.

About Modiv Industrial

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.