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

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

CION Investment has a dividend payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Analysts expect CION Investment to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 3.7%.

CION Investment Stock Performance

CION Investment stock opened at $11.39 on Friday. CION Investment has a 1 year low of $10.52 and a 1 year high of $12.69. The firm’s 50-day moving average is $11.63 and its 200-day moving average is $11.91. The company has a market cap of $606.93 million, a P/E ratio of 7.75 and a beta of 1.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CION shares. Wells Fargo & Company cut their target price on shares of CION Investment from $12.00 to $11.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Oppenheimer assumed coverage on CION Investment in a report on Tuesday, October 8th. They issued a “market perform” rating and a $13.00 price target on the stock.

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.