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Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders and Monthly Distributions for Common Shareholders and Reduces Discount Rate for Distribution Reinvestment Plan

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Modiv Industrial (NYSE:MDV) has declared multiple dividends: a quarterly cash dividend of $0.4609375 per share on Series A Preferred Stock (annualized rate of $1.84375), and monthly distributions of $0.0975 per share on Common Stock for January, February, and March 2025. The common stock distribution represents a 1.7% increase to an annualized rate of $1.17, yielding 6.96% based on the $16.82 closing price. Additionally, the company increased the discount rate for its Distribution Reinvestment Plan from 3% to 5%, effective December 7, 2024.

Modiv Industrial (NYSE:MDV) ha dichiarato diversi dividendi: un dividendo in contante trimestrale di $0.4609375 per azione sulle Azioni Preferenziali di Serie A (tasso annualizzato di $1.84375) e distribuzioni mensili di $0.0975 per azione sulle Azioni Ordinarie per gennaio, febbraio e marzo 2025. La distribuzione delle azioni ordinarie rappresenta un aumento del 1,7% a un tasso annualizzato di $1.17, con un rendimento del 6,96% basato sul prezzo di chiusura di $16.82. Inoltre, l'azienda ha aumentato il tasso di sconto per il suo Piano di Reinvestimento delle Distribuzioni dal 3% al 5%, a partire dal 7 dicembre 2024.

Modiv Industrial (NYSE:MDV) ha declarado múltiples dividendos: un dividendo en efectivo trimestral de $0.4609375 por acción en las Acciones Preferentes de Serie A (tasa anualizada de $1.84375) y distribuciones mensuales de $0.0975 por acción en las Acciones Comunes para enero, febrero y marzo de 2025. La distribución de acciones comunes representa un aumento del 1.7% a una tasa anualizada de $1.17, con un rendimiento del 6.96% basado en el precio de cierre de $16.82. Además, la empresa aumentó la tasa de descuento de su Plan de Reinvestimiento de Distribuciones del 3% al 5%, efectivo a partir del 7 de diciembre de 2024.

모디브 인더스트리얼 (NYSE:MDV)는 여러 배당금을 선언했습니다: A급 우선주에 대한 분기 배당금은 주당 $0.4609375이며 (연간 $1.84375), 2025년 1월, 2월, 3월에 대한 보통주에 대한 월별 분배는 주당 $0.0975입니다. 보통주 분배는 1.7% 증가를 나타내며, 연간 기준으로 $1.17 이자율을 기록하고, $16.82의 종가를 기준으로 6.96%의 수익률을 제공합니다. 또한, 회사는 배당 재투자 계획의 할인률을 3%에서 5%로 인상한다고 2024년 12월 7일부로 발표했습니다.

Modiv Industrial (NYSE:MDV) a déclaré plusieurs dividendes : un dividende trimestriel en espèces de 0,4609375 $ par action sur les actions privilégiées de série A (taux annualisé de 1,84375 $) et des distributions mensuelles de 0,0975 $ par action sur les actions ordinaires pour janvier, février et mars 2025. La distribution des actions ordinaires représente une augmentation de 1,7% à un taux annualisé de 1,17 $, offrant un rendement de 6,96% basé sur le prix de clôture de 16,82 $. De plus, la société a augmenté le taux de remise de son Plan de Réinvestissement des Distributions de 3% à 5%, à compter du 7 décembre 2024.

Modiv Industrial (NYSE:MDV) hat mehrere Dividenden erklärt: eine vierteljährliche Bardividende von $0.4609375 pro Aktie auf die Vorzugsaktien der Serie A (annualisierte Rate von $1.84375) sowie monatliche Ausschüttungen von $0.0975 pro Aktie auf die Stammaktien für Januar, Februar und März 2025. Die Ausschüttung der Stammaktien stellt einen 1,7% Anstieg auf eine annualisierte Rate von $1.17 dar, was bei einem Schlusskurs von $16.82 eine Rendite von 6,96% ergibt. Darüber hinaus erhöhte das Unternehmen den Rabatt für seinen Dividenden-Reinvestitionsplan von 3% auf 5%, mit Wirkung zum 7. Dezember 2024.

Positive
  • Increased common stock distribution by 1.7% to $1.17 annually
  • Attractive dividend yield of 6.96% on common stock
  • Enhanced DRP discount from 3% to 5% for shareholders
Negative
  • None.

DENVER--(BUSINESS WIRE)-- Modiv Industrial, Inc. (“Modiv Industrial,” “Modiv” or the “Company”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company’s 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the “Series A Preferred Stock”), for the fourth quarter of 2024 and the declaration of a regular monthly cash distribution of $0.0975 per share on the Company’s Class C common stock, $0.001 par value per share (the “Common Stock”), for each of January, February and March 2025, representing an annual distribution rate of $1.17 and an increase of 1.7% over the annualized distribution rate of $1.15 per share that has been paid since October 1, 2021.

On November 4, 2024, the Board of Directors authorized a quarterly dividend payable to Series A Preferred Stockholders of record as of December 31, 2024, which will be paid on January 15, 2025. The quarterly dividend amount of $0.4609375 per share represents an annualized dividend rate of $1.84375 per share of Series A Preferred Stock.

Additionally, the Board of Directors authorized monthly distributions payable to Common Stockholders of record as of January 31, 2025, February 28, 2025 and March 31, 2025, which will be paid on or about February 25, 2025, March 25, 2025 and April 27, 2025, respectively. The current monthly distribution amount of $0.0975 per share represents an annualized distribution rate of $1.17 per share of common stock, which is a 1.7% increase over the annualized dividend rate of $1.15 per share that has been paid since October 1, 2021, and reflects a dividend yield of 6.96% based on Modiv Industrial’s closing price of $16.82 on November 5, 2025.

In addition, on November 4, 2024, with the authorization of the Board of Directors, the Company increased the discount for the purchase price of shares of Common Stock under the Company’s Second Amended and Restated Distribution Reinvestment Plan (the “DRP”) from 3% to 5%, which will become effective on December 7, 2024. Pursuant to the DRP, the Company may change the discount to the Market Price (as defined in the DRP) at which shares may be purchased under the DRP from the Company from 0% to 5% at any time effective upon at least thirty (30) days prior notice to stockholders.

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. For more information, please visit: www.modiv.com.

Forward-looking Statements

There is no guarantee that the Company’s Board will authorize, or that the Company will declare, additional dividends in the future, and the amount of future dividends, if any, and the authorization and payment thereof, will be determined by the Board based on the Company’s financial condition and such other factors as the Board deems relevant.

Certain statements contained in this press release, other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to annualized dividend rates, future distributions and distributions declared by the Company’s board of directors. Such forward-looking statements are subject to various risks and uncertainties, including but not limited to those described under the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the “SEC”) on March 7, 2024. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the Company’s other filings with the SEC. Any forward-looking statements herein speak only as of the time when made and are based on information available to the Company as of such date and are qualified in their entirety by this cautionary statement. The Company assumes no obligation to revise or update any such statement now or in the future, unless required by law.

Investor Inquiries:

management@modiv.com

Source: Modiv Industrial, Inc.

FAQ

What is Modiv Industrial's (MDV) new monthly dividend payment for common shareholders?

Modiv Industrial (MDV) will pay $0.0975 per share monthly to common shareholders for January, February, and March 2025.

What is the new quarterly dividend for Modiv Industrial's (MDV) Series A Preferred Stock?

The quarterly dividend for Series A Preferred Stock is $0.4609375 per share, representing an annualized rate of $1.84375.

When will Modiv Industrial (MDV) implement the new 5% DRP discount?

The increased Distribution Reinvestment Plan discount of 5% will become effective on December 7, 2024.

What is the percentage increase in Modiv Industrial's (MDV) common stock distribution?

Modiv Industrial increased its common stock distribution by 1.7%, from an annualized rate of $1.15 to $1.17 per share.

Modiv Industrial, Inc.

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