CION Investment Co. (NYSE:CION – Get Free Report) declared a quarterly dividend on Monday, August 5th, Zacks reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.36 per share on Tuesday, September 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.71%. The ex-dividend date is Tuesday, September 3rd.
CION Investment has a payout ratio of 92.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
CION Investment Trading Up 1.2 %
Shares of NYSE CION traded up $0.15 during midday trading on Friday, reaching $12.30. 194,118 shares of the company were exchanged, compared to its average volume of 183,471. CION Investment has a 1 year low of $9.65 and a 1 year high of $12.69. The stock has a fifty day simple moving average of $12.18 and a 200 day simple moving average of $11.73. The stock has a market cap of $657.44 million, a P/E ratio of 5.04 and a beta of 1.19.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company lifted their price target on shares of CION Investment from $11.50 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 15th.
Get Our Latest Stock Analysis on CION
About CION Investment
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.
Read More
- Five stocks we like better than CION Investment
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Don’t Overlook Campbell Soup: Here’s What Could Drive Its Stock
- Manufacturing Stocks Investing
- Birkenstock’s Sudden Slide—Why It Might Be Your Next Big Win
- Market Cap Calculator: How to Calculate Market Cap
- Why Dell Can Continue Winning in AI and Beyond
Receive News & Ratings for CION Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CION Investment and related companies with MarketBeat.com's FREE daily email newsletter.