CION Invt Corp Plans Quarterly Dividend of $0.26 (NYSE:CION)

CION Invt Corp (NYSE:CION) declared a quarterly dividend on Wednesday, September 15th, NASDAQ reports. Investors of record on Wednesday, December 1st will be given a dividend of 0.26 per share on Wednesday, December 8th. This represents a $1.04 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date is Tuesday, November 30th.

CION stock opened at $14.58 on Friday. CION Invt has a 1 year low of $11.09 and a 1 year high of $14.65.

CION Invt (NYSE:CION) last released its quarterly earnings results on Monday, November 15th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01.

Separately, Wells Fargo & Company started coverage on shares of CION Invt in a research note on Monday, November 1st. They set an “equal weight” rating and a $12.50 target price for the company.

In related news, CFO Keith S. Franz bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were bought at an average price of $13.50 per share, for a total transaction of $67,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Roman bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 17th. The stock was bought at an average price of $13.32 per share, for a total transaction of $39,960.00. The disclosure for this purchase can be found here. Insiders have acquired 14,895 shares of company stock valued at $200,929 in the last ninety days. Insiders own 0.11% of the company’s stock.

CION Invt Company Profile

CION Investment Corporation is a business development company which primarily provides senior secured loans to U.S. middle-market companies. CION Investment Corporation is based in NEW YORK.

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