CION Investment Co. (NYSE:CION – Get Free Report) declared a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Investors of record on Monday, December 2nd will be given a dividend of 0.36 per share on Monday, December 16th. This represents a $1.44 annualized dividend and a dividend yield of 12.26%. The ex-dividend date is Monday, December 2nd.
CION Investment has a dividend payout ratio of 99.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect CION Investment to earn $1.35 per share next year, which means the company may not be able to cover its $1.40 annual dividend with an expected future payout ratio of 103.7%.
CION Investment Price Performance
CION Investment stock opened at $11.75 on Friday. The company has a market capitalization of $626.16 million, a PE ratio of 7.99 and a beta of 1.18. CION Investment has a one year low of $10.52 and a one year high of $12.69. The business has a 50 day simple moving average of $11.75 and a 200 day simple moving average of $12.02.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on CION Investment
CION Investment Company Profile
CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.
Read More
- Five stocks we like better than CION Investment
- Airline Stocks – Top Airline Stocks to Buy Now
- ServiceNow: Will the High-Flyer Finally Split in 2024?
- High Flyers: 3 Natural Gas Stocks for March 2022
- MarketBeat Week in Review – 11/25 – 11/29
- How to Invest in the Best Canadian Stocks
- These 3 Stocks Are Heavy Hitters in Alternative Asset Management
Receive News & Ratings for CION Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CION Investment and related companies with MarketBeat.com's FREE daily email newsletter.