Jan 20 (Reuters) - Modiv Industrial Inc (MDV.N) :
* MODIV INDUSTRIAL INCREASES DIVIDEND AND PROVIDES STRATEGIC UPDATE
* MODIV INDUSTRIAL INC - BOARD APPROVES $0.03 INCREASE IN ANNUAL DISTRIBUTION RATE
* MODIV INDUSTRIAL INC - ANNUAL DIVIDEND OF $1.20 PER SHARE
* MODIV INDUSTRIAL INC - BUYS 27.2% TIC INTEREST IN SANTA CLARA PROPERTY Source text: Further company coverage: (MDV.N)

<p>Modiv Industrial, Inc. has announced an increase in its monthly cash distribution to Class C common stock, raising the annual dividend to $1.20 per share. CEO Aaron Halfacre emphasized the company's focus on increasing shareholder value through higher AFFO, achieved via rent increases and expense reductions. The company is also undergoing a portfolio transformation, reducing non-industrial exposure and selling assets, including a recent sale in Issaquah, WA, and a pending sale in St. Paul, MN. This marks the second consecutive year of dividend increases, reflecting Modiv's commitment to its shareholders.</p>

Reuters

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Modiv Industrial Increases Dividend And Provides Strategic Update