CION Investment Co. (NYSE:CION) Announces $0.05 Annual Dividend

Posted by Maria Luz-Campos on Dec 25th, 2024

CION Investment Co. (NYSE:CION – Get Free Report) declared an annual dividend on Monday, December 23rd,NASDAQ Dividends reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.05 per share on Monday, January 27th. This represents a yield of 0.43%. The ex-dividend date is Monday, December 30th.

CION Investment has a dividend payout ratio of 99.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Stock Performance

Shares of NYSE:CION traded up $0.03 during midday trading on Tuesday, reaching $11.52. The company had a trading volume of 105,872 shares, compared to its average volume of 237,048. The company has a fifty day simple moving average of $11.67 and a two-hundred day simple moving average of $11.93. CION Investment has a 1-year low of $10.52 and a 1-year high of $12.69. The firm has a market cap of $613.85 million, a price-to-earnings ratio of 7.84 and a beta of 1.14.

Analysts Set New Price Targets

A number of brokerages recently commented on CION. Oppenheimer initiated coverage on CION Investment in a research report on Tuesday, October 8th. They issued a “market perform” rating and a $13.00 price objective for the company. Wells Fargo & Company dropped their price target on CION Investment from $12.00 to $11.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th.

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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.