CION Investment Corporation (NYSE:CION) Declares $0.10 Monthly Dividend

Key Points

• CION declared a $0.10 monthly dividend (paid Apr. 24 to holders of record Apr. 10), equivalent to $1.20 annually and a 17.0% dividend yield.
• The dividend is currently largely earnings‑supported with a 95.2% payout ratio
• In its latest quarter CION reported $0.35 EPS (missing estimates by $0.04) with $53.79M revenue (above estimates) and a negative net margin of 8.57%, signaling mixed operational performance.

CION Investment Corporation (NYSE:CION - Get Free Report) announced a monthly dividend on Monday, March 9th. Stockholders of record on Friday, April 10th will be given a dividend of 0.10 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date is Friday, April 10th.

CION Investment has a dividend payout ratio of 95.2% indicating that 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 $1.35 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 88.9%.

CION Investment Price Performance

NYSE CION opened at $7.05 on Wednesday. The firm has a market cap of $355.82 million, a P/E ratio of -18.07 and a beta of 1.13. The stock's 50-day moving average is $7.88 and its 200-day moving average is $9.01. CION Investment has a one year low of $6.50 and a one year high of $10.93.

CION Investment (NYSE:CION - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.04). The business had revenue of $53.79 million for the quarter, compared to analyst estimates of $51.77 million. CION Investment had a positive return on equity of 12.42% and a negative net margin of 8.57%. Equities analysts anticipate that CION Investment will post 1.78 EPS for the current 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.

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