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

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

CION Investment has a payout ratio of 99.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research 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 Trading Up 0.3 %

Shares of CION stock opened at $11.52 on Wednesday. CION Investment has a 12-month low of $10.52 and a 12-month high of $12.69. The stock has a market capitalization of $613.85 million, a P/E ratio of 7.84 and a beta of 1.14. The firm’s 50 day moving average is $11.67 and its 200 day moving average is $11.92.

Analyst Ratings Changes

CION has been the topic of a number of research reports. 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. Oppenheimer assumed coverage on CION Investment in a research note on Tuesday, October 8th. They set a “market perform” rating and a $13.00 price target for the company.

CION Investment Company Profile

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.