Modiv Industrial, Inc. (NYSE: MDV), the only public REIT solely focused on acquiring industrial manufacturing properties, announced a regular quarterly cash dividend of $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock for Q4 2024. This dividend, representing an annualized rate of $1.84375, will be payable on January 15, 2025, to Series A Preferred Stockholders of record as of December 31, 2024.
The company also declared monthly cash distributions of $0.0975 per share on its Class C common stock for January, February, and March 2025, yielding an annualized rate of $1.17 per share, a 1.7% increase from the previous rate. These monthly distributions will be payable on or around February 25, March 25, and April 27, 2025, to Common Stockholders of record on January 31, February 28, and March 31, respectively. This annualized rate reflects a 6.96% dividend yield, based on Modiv’s November 5, 2025, closing price of $16.82.
On November 4, 2024, Modiv’s Board also approved an increase in the discount for purchasing Common Stock through its Distribution Reinvestment Plan (DRP), raising it from 3% to 5%, effective December 7, 2024. The DRP allows Modiv to adjust the discount rate on share purchases between 0% and 5%, with a minimum 30-day 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.
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.
