Modiv Inc. Announces Distribution on the Common Stock for the Months of April, May and June 2023, Payable on or About May 25, 2023, June 26, 2023 and July 25, 2023, Respectively
March 14, 2023 at 04:15 pm
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Modiv Inc. announced on March 9, 2023, the Board authorized and the company declared a distribution on the Common Stock, at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on April 28, 2023. The April Dividend will be payable on or about May 25, 2023. Also, on March 9, 2023, the Board authorized and the Company declared a distribution on the Common Stock at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on May 31, 2023.
The May Dividend will be payable on or about June 26, 2023. Also, on March 9, 2023, the Board authorized and the Company declared a distribution on the Common Stock at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on June 30, 2023. The June Dividend will be payable on or about July 25, 2023.
Modiv Industrial, Inc. is an internally managed real estate investment trust (REIT), which is focused on single-tenant net-lease industrial manufacturing real estate. The Company acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chain. The Company also owns non-core, legacy retail and office real estate properties. It seeks to provide investors with access to monthly dividends through a durable portfolio of real estate investments designed to generate both current income and long-term growth. Its real estate investment portfolio consisted of 44 properties, including two properties held for sale. Its portfolio is distributed across 16 states and consists of 39 industrial properties, one retail property and four office properties.
Modiv Inc. Announces Distribution on the Common Stock for the Months of April, May and June 2023, Payable on or About May 25, 2023, June 26, 2023 and July 25, 2023, Respectively