CION Investment Co. (CION) To Go Ex-Dividend on December 30th

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

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

Shares of CION stock opened at $11.52 on Wednesday. The firm has a market capitalization of $613.85 million, a price-to-earnings ratio of 7.84 and a beta of 1.14. The stock has a fifty day moving average of $11.67 and a 200 day moving average of $11.92. CION Investment has a 52 week low of $10.52 and a 52 week high of $12.69.

Wall Street Analyst Weigh In

CION has been the subject of several research analyst reports. Oppenheimer started coverage on shares of CION Investment in a report on Tuesday, October 8th. They set a “market perform” rating and a $13.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of CION Investment from $12.00 to $11.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

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.