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CION Investment (NYSE:CION) Issues Quarterly Earnings Results

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CION Investment (NYSE:CION - Get Free Report) issued its 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. The company had revenue of $87.91 million during the quarter, compared to analysts' expectations of $54.11 million. CION Investment had a net margin of 31.21% and a return on equity of 11.49%.

CION Investment Stock Down 1.3 %

NYSE:CION traded down $0.15 during trading hours on Friday, reaching $11.37. 676,303 shares of the company's stock were exchanged, compared to its average volume of 269,494. The firm has a market capitalization of $606.07 million, a price-to-earnings ratio of 7.74 and a beta of 1.11. The company has a 50-day moving average of $11.78 and a 200 day moving average of $11.74. CION Investment has a 1-year low of $10.52 and a 1-year high of $12.71.

CION Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.66%. CION Investment's payout ratio is currently 228.57%.

CION Investment Company Profile

(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.

Further Reading

Earnings History for CION Investment (NYSE:CION)

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