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Modiv ( (MDV) ) has shared an update.
Modiv Industrial has announced an increase in the discount rate for purchasing Class C Common Stock from 3% to 5% under its Distribution Reinvestment Plan, effective December 7, 2024. Additionally, the company declared a quarterly dividend for Series A Preferred Stock and monthly distributions for Common Stock for the first quarter of 2025, reflecting a 1.7% increase in annual distribution rate. Investors can take advantage of these new opportunities as Modiv continues to focus on acquiring industrial manufacturing real estate properties.
See more data about MDV stock on TipRanks’ Stock Analysis page.