CION Investment Corporation (NYSE:CION) Declares Monthly Dividend of $0.10

CION Investment Corporation (NYSE:CIONGet Free Report) declared a monthly dividend on Monday, May 4th. Stockholders of record on Friday, September 11th will be paid a dividend of 0.10 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date is Friday, September 11th.

CION Investment has a dividend payout ratio of 95.2% indicating that 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 $0.94 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 127.7%.

CION Investment Stock Performance

Shares of CION Investment stock opened at $7.26 on Wednesday. The business has a 50-day simple moving average of $6.79 and a 200-day simple moving average of $7.01. CION Investment has a one year low of $5.83 and a one year high of $10.40. The company has a market cap of $357.46 million, a PE ratio of 121.08 and a beta of 1.14.

CION Investment (NYSE:CIONGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. CION Investment had a net margin of 1.17% and a return on equity of 11.95%. The firm had revenue of $49.79 million for the quarter, compared to analysts’ expectations of $49.78 million. On average, sell-side analysts predict that CION Investment will post 1.08 earnings per share for the current fiscal year.

About CION Investment

(Get Free Report)

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.

See Also

Dividend History for CION Investment (NYSE:CION)

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