CION Investment (NYSE:CION) Releases Quarterly Earnings Results

CION Investment (NYSE:CION) issued its quarterly earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Price Performance

CION stock traded down $0.44 during mid-day trading on Thursday, hitting $11.61. 112,503 shares of the stock were exchanged, compared to its average volume of 249,189. The business has a fifty day moving average price of $11.78 and a 200 day moving average price of $11.75. The stock has a market capitalization of $618.38 million, a price-to-earnings ratio of 7.89 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. Stockholders of record on Monday, December 30th were given 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 (DPR) 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.