Modiv Industrial declares preferred and common dividends amid pending merger

Modiv Industrial (NYSE:MDV) announced the declaration of its scheduled cash distributions for both preferred and common shareholders, maintaining capital returns as the real estate investment trust prepares for its upcoming corporate combination.

The Reno, Nevada-based firm, which operates as the only publicly traded REIT focused exclusively on acquiring industrial manufacturing properties, finalized the distribution schedules following approval from its board of directors.

The announcement comes just over a month after Modiv entered into a definitive merger agreement to be acquired by Global Net Lease (NYSE:GNL) in an all-stock transaction valued at approximately $535 million.

For its fixed-income equity tranche, the board authorized a regular quarterly cash dividend of $0.4609375 per share on the company’s 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock.

The second-quarter payout is scheduled to be distributed on July 15, 2026, to preferred shareholders of record as of June 30, 2026.

This quarterly figure reflects an annualized dividend rate of $1.84375 per preferred share.

Concurrently, corporate leadership declared regular monthly cash distributions of $0.10 per share on Modiv's Class C common stock for the upcoming July and August tracking periods.

The common share distributions will be paid out on or about August 10, 2026, to investors of record as of July 31, 2026, and August 3, 2026, respectively.

The monthly run-rate equates to a steady annualized common distribution pace of $1.20 per share.