CION Investment Corporation (CION) to Issue Monthly Dividend of $0.10 on June 26th

CION Investment Corporation (NYSE:CION) declared a monthly dividend on Monday, March 9th. Stockholders of record on Friday, June 12th will be paid a dividend of 0.10 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 17.2%. The ex-dividend date is Friday, June 12th.

CION Investment has a dividend payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect CION Investment to earn $1.09 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 110.1%.

CION Investment Price Performance

Shares of CION opened at $7.00 on Wednesday. The company has a market capitalization of $348.28 million, a price-to-earnings ratio of -174.83 and a beta of 1.10. CION Investment has a fifty-two week low of $6.50 and a fifty-two week high of $10.93. The business’s 50-day moving average is $7.07 and its 200-day moving average is $8.28.

CION Investment (NYSE:CION) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $49.54 million during the quarter, compared to the consensus estimate of $49.12 million. CION Investment had a negative net margin of 0.41% and a positive return on equity of 11.96%. Equities research analysts expect that CION Investment will post 1.05 earnings per share for the current fiscal year.

CION Investment Company Profile

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.