CION Investment Corporation (CION) To Go Ex-Dividend on August 14th

CION Investment Corporation (NYSE:CION) announced a monthly dividend on Monday, May 4th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.10 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 16.0%. The ex-dividend date of this dividend is Friday, August 14th.

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 decline. Equities analysts expect CION Investment to earn $1.09 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 110.1%.

CION Investment Price Performance

Shares of NYSE CION opened at $7.50 on Wednesday. The stock has a market capitalization of $368.75 million, a P/E ratio of 124.92 and a beta of 1.11. The company has a 50-day moving average price of $6.48 and a 200-day moving average price of $7.23. CION Investment has a 1 year low of $5.83 and a 1 year high of $10.93.

About CION Investment

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.