CION Investment (NYSE:CION - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01), Zacks reports. CION Investment had a net margin of 31.21% and a return on equity of 11.49%. The business had revenue of $87.91 million during the quarter, compared to the consensus estimate of $54.11 million.
CION Investment Stock Performance
CION Investment stock traded down $0.15 during midday trading on Friday, reaching $11.37. 676,303 shares of the stock were exchanged, compared to its average volume of 269,494. The company's fifty day moving average is $11.78 and its 200-day moving average is $11.74. The firm has a market cap of $606.07 million, a PE ratio of 7.74 and a beta of 1.11. CION Investment has a 52 week low of $10.52 and a 52 week high of $12.71.
CION Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 12.66%. The ex-dividend date is Friday, March 28th. CION Investment's dividend payout ratio (DPR) is currently 97.96%.
About CION Investment
(
Get Free Report)
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.
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