---
schema_version: "secwatch.filing_event.v1"
accession: "0001645873-23-000207"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:39:15.218477+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Modiv declares $0.09583/month dividend (7.9% yield) and plans in-kind distribution of GIPR shares

## Summary
- Regular monthly cash dividend of $0.09583/share for Oct, Nov, Dec 2023; annualized rate $1.15.
- Dividend yield of 7.9% based on MDV closing price of $14.56 on Oct 16, 2023.
- May receive 2.2M-3.0M GIPR common shares in redemption of Series A Preferred from 13-property sale.
- Intends to distribute GIPR shares in-kind to MDV shareholders as early as Jan 2024, subject to lender approval.
- CEO notes 87 consecutive monthly dividends exceeding $60M total; dividend coverage ratio >110%.

## SEC filing metadata
- accession: 0001645873-23-000207
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645873/000164587323000207/0001645873-23-000207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000164587323000207/cik0001645873-20231017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001645873-23-000207
- JSON: https://secwatch.observer/filing/0001645873-23-000207.json
- Plain text: https://secwatch.observer/filing/0001645873-23-000207.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.