CION Investment Corporation (CION) To Go Ex-Dividend on May 15th

CION Investment Corporation (NYSE:CION) declared a monthly dividend on Monday, March 9th. Investors of record on Friday, May 15th will be paid a dividend of 0.10 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 17.9%. The ex-dividend date is Friday, May 15th.

CION Investment has a dividend payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect CION Investment to earn $1.04 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 115.4%.

CION Investment Trading Down 1.3%

Shares of CION Investment stock traded down $0.09 during mid-day trading on Wednesday, hitting $6.71. 218,728 shares of the stock were exchanged, compared to its average volume of 590,593. The company has a 50-day simple moving average of $7.27 and a 200 day simple moving average of $8.68. The stock has a market capitalization of $333.84 million, a price-to-earnings ratio of -167.56 and a beta of 1.16. CION Investment has a twelve month low of $6.50 and a twelve month high of $10.93.

CION Investment (NYSE:CION) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). CION Investment had a positive return on equity of 11.96% and a negative net margin of 0.41%.The business had revenue of $49.54 million during the quarter, compared to analyst estimates of $49.12 million. Equities research analysts forecast that CION Investment will post 1.03 earnings per share for the current fiscal year.

CION Investment Company Profile

CION Investment Corporation is a closed‐end, non‐diversified management investment company organized as a business development company under the Investment Company Act of 1940. Externally managed by CION Investment Management, LLC, the firm specializes in providing flexible capital solutions to U.S. and Canadian middle‐market companies. By combining debt and equity financing, CION seeks to support growth, acquisitions, recapitalizations and other strategic initiatives for its portfolio companies.

The company’s investment strategy centers on senior secured loans, subordinated debt and private equity interests.