CION Investment (NYSE:CION) Issues Quarterly Earnings Results

CION Investment (NYSE:CION) posted its quarterly earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01), Zacks reports. CION Investment had a return on equity of 11.49% and a net margin of 31.21%.

CION Investment Trading Down 1.4 %

CION stock opened at $11.87 on Thursday. The firm has a 50 day moving average of $11.78 and a 200-day moving average of $11.75. The company has a market cap of $632.29 million, a price-to-earnings ratio of 8.09 and a beta of 1.11. CION Investment has a 12-month low of $10.52 and a 12-month high of $12.71.

CION Investment Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were issued a dividend of $0.05 per share. This represents a yield of 0.43%. The ex-dividend date of this dividend was Monday, December 30th. CION Investment’s dividend payout ratio is currently 97.96%.

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.