CION Investment Corporation (NYSE:CION) Shareholders Set to Receive $0.10 Monthly Dividend

CION Investment Corporation (NYSE:CION) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.10 per share on Friday, November 27th. This represents a $1.20 annualized dividend and a yield of 18.9%. The ex-dividend date is Friday, November 13th.

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 tumble. Analysts expect CION Investment to earn $1.00 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 120.0%.

CION Investment Stock Performance

NYSE CION opened at $6.36 on Wednesday. The firm has a market capitalization of $312.91 million, a P/E ratio of 5.53 and a beta of 1.14. The stock has a 50-day simple moving average of $6.93 and a two-hundred day simple moving average of $7.16. CION Investment has a fifty-two week low of $5.83 and a fifty-two week high of $10.40.

CION Investment Company Profile

CION Investment Corporation (NYSE:CION) is a closed-end, externally managed business development company (BDC) that provides financing to privately owned, middle-market companies. The company primarily seeks to generate current income and, to a lesser extent, capital appreciation by investing in the debt and equity securities of eligible businesses. CION’s investment portfolio generally includes senior secured loans, subordinated debt, unitranche investments and, in select cases, equity or equity-related securities.