CION Investment Co. (NYSE:CION - Get Free Report) announced a quarterly dividend on Monday, August 5th, Zacks reports. Shareholders of record on Tuesday, September 3rd will be paid a dividend of 0.36 per share on Tuesday, September 17th. This represents a $1.44 annualized dividend and a dividend yield of 11.71%. The ex-dividend date is Tuesday, September 3rd.
CION Investment has a payout ratio of 92.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline.
CION Investment Price Performance
Shares of CION Investment stock traded up $0.15 on Friday, hitting $12.30. The company had a trading volume of 194,118 shares, compared to its average volume of 183,471. The business has a 50-day simple moving average of $12.18 and a 200-day simple moving average of $11.73. The company has a market cap of $659.14 million, a PE ratio of 5.04 and a beta of 1.19. CION Investment has a 52 week low of $9.65 and a 52 week high of $12.69.
CION Investment (NYSE:CION - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter. The business had revenue of $61.36 million during the quarter. CION Investment had a net margin of 48.50% and a return on equity of 12.39%.
Analysts Set New Price Targets
Separately, Wells Fargo & Company raised their target price on shares of CION Investment from $11.50 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 15th.
Check Out Our Latest Research Report on CION Investment
About CION Investment
(
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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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