MDV (Modiv Industrial) Dividend Payout Ratio: 1.35 (As of Jun. 2026) — 74% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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MDV Modiv Industrial Inc MDV
49 GF Score
Price $18.05
GF Value $13.09
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Modiv Industrial Dividend Payout Ratio?

Modiv Industrial MDV 49 Dividend Payout Ratio is 1.35 as of Jun. 2026, which is 74% below its 10-year median of 5.26. GuruFocus rates MDV with a GF Score™ of 49/100 and a GF Value™ of $13.09 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 708 REITs companies, Modiv Industrial ranks worse than 94.07% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Modiv Industrial's Dividend Payout Ratio for the months ended in Jun. 2026 was 1.35.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Modiv Industrial Inc is 6.63, which seems too high.

The historical rank and industry rank for Modiv Industrial's Dividend Payout Ratio or its related term are showing as below:

MDV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 4.6   Med: 5.26   Max: 6.63
Current: 6.63

During the past 7 years, the highest Dividend Payout Ratio of Modiv Industrial was 6.63. The lowest was 4.60. And the median was 5.26.

MDV's Dividend Payout Ratio is ranked worse than
94.07% of 708 companies
in the REITs industry
Industry Median: 0.99 vs MDV: 6.63

As of today (2026-08-29), the Dividend Yield % of Modiv Industrial is 6.59%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Modiv Industrial was 11.84%. The lowest was 1.10%. And the median was 7.79%.

Modiv Industrial's Dividends per Share for the months ended in Jun. 2026 was $0.30.

During the past 12 months, Modiv Industrial's average Dividends Per Share Growth Rate was 2.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.50% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Modiv Industrial was 3.50% per year. The lowest was 3.50% per year. And the median was 3.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Modiv Industrial (NYSE:MDV) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Modiv Industrial Dividend Payout Ratio Related Terms

Modiv Industrial Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Modiv Industrial's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Modiv Industrial Dividend Payout Ratio Chart

Modiv Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.00 5.92 0.00 4.60 0.00

Modiv Industrial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 14.65 150.00 1.35

MDV vs ILPT, PLD, PSA: Dividend Payout Ratio Comparison

For the REIT - Industrial subindustry, Modiv Industrial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Modiv Industrial Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Modiv Industrial's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Modiv Industrial's Dividend Payout Ratio falls into.


MDV
49GF Score
Modiv Industrial Inc MDV
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modiv Industrial Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Modiv Industrial's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.17/ -0.201
=N/A

Modiv Industrial's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=0.3/ 0.222
=1.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.35 mean?
Modiv Industrial (MDV) has a Dividend Payout Ratio of 1.35 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Modiv Industrial and its competitors. This is 74% below median its historical median of 5.26. Over the past decade, Modiv Industrial's Dividend Payout Ratio has ranged from 4.60 to 6.63. According to the industry distribution chart, Modiv Industrial ranks #666 out of 708 companies in the REITs industry, placing it in the top 94.1%.
Is Modiv Industrial's Dividend Payout Ratio too high?
Modiv Industrial's current Dividend Payout Ratio of 1.35 is 74% below median its 10-year median of 5.26. Over the past 10 years, this metric has ranged from a low of 4.60 to a high of 6.63. The REITs industry median Dividend Payout Ratio is 0.99. Modiv Industrial's value of 1.35 is 36.4% above this industry median. Based on the distribution chart, Modiv Industrial ranks #666 out of 708 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Modiv Industrial has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Modiv Industrial's Dividend Payout Ratio compare to ILPT and PLD?
According to the REITs industry distribution chart, Modiv Industrial ranks #666 out of 708 companies for Dividend Payout Ratio. This places Modiv Industrial in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Modiv Industrial's value of 1.35 is 36.4% above this benchmark. Historically, Modiv Industrial's own Dividend Payout Ratio has ranged from 4.60 to 6.63 over the past decade. While the company's 10-year median is 5.26 vs. the industry median of 0.99, Modiv Industrial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 708 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Modiv Industrial's current Dividend Payout Ratio of 1.35 is 36.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Modiv Industrial and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modiv Industrial's current Dividend Payout Ratio is 1.35, which is 74% below median its own 10-year median of 5.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modiv Industrial stock overvalued right now?
Based on GuruFocus' analysis, Modiv Industrial (MDV) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.09, compared to a current price of $18.05 — trading 37.9% above its estimated fair value. The current Dividend Payout Ratio is 1.35, which is 74% below median its 10-year median of 5.26 and 36.4% above the REITs industry median of 0.99. Modiv Industrial's overall GF Score™ is 49/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Modiv Industrial (MDV), the current Dividend Payout Ratio is 1.35 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Modiv Industrial (MDV) Overvalued in 2026?

Based on GuruFocus' analysis, Modiv Industrial stock appears to be overvalued. The current stock price of $18.05 is trading 37.9% above its estimated GF Value™ of $13.09. GuruFocus considers Modiv Industrial to be Significantly Overvalued.

Key valuation signals for MDV:

  • Dividend Payout Ratio: 1.35 (74% below median its 10-year median of 5.26)
  • GF Value™: $13.09 vs. price of $18.05 (37.9% above fair value)
  • GF Score™: 49/100 with 12 warning signs
  • Industry Position: 36.4% above the REITs median (#666 of 708)

No single metric tells the full story. See the MDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Modiv Industrial Business Description

Industry Real EstateREITs
Address 1500 North Grant Street, Suite No. 5609, Denver, CO, USA, 80203
Modiv Industrial Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth. The company has invested in single-tenant income-producing properties. Its current business consists of owning, managing, operating, leasing, acquiring, investing in, and disposing of commercial real estate assets utilized for industrial manufacturing, as well as a few non-core assets. All of the company's consolidated revenues are derived from the company's consolidated real estate properties.
49GF Score

Get the complete analysis for MDV

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.05
Price
$13.09
GF Value