CION Investment (NYSE:CION – Get Free Report) released its earnings results on Thursday. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01), Zacks reports. CION Investment had a net margin of 31.21% and a return on equity of 11.49%.
CION Investment Stock Performance
CION opened at $11.87 on Thursday. CION Investment has a 1 year low of $10.52 and a 1 year high of $12.71. The company’s 50 day simple moving average is $11.78 and its 200 day simple moving average is $11.75. The stock has a market capitalization of $632.29 million, a PE ratio of 8.09 and a beta of 1.11.
CION Investment Announces Dividend
The business also recently disclosed an annual dividend, which was paid on Monday, January 27th. Stockholders of record on Monday, December 30th were paid a dividend of $0.05 per share. This represents a dividend yield of 0.43%. The ex-dividend date was Monday, December 30th. CION Investment’s dividend payout ratio is currently 97.96%.
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.
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