CION Investment (NYSE:CION – Get Rating) posted its quarterly earnings data on Thursday. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01, MarketWatch Earnings reports. CION Investment had a return on equity of 7.94% and a net margin of 75.48%.
Shares of NYSE:CION opened at $10.36 on Friday. The business has a fifty day moving average of $12.61 and a two-hundred day moving average of $12.76. The stock has a market cap of $1.18 billion and a P/E ratio of 9.33. CION Investment has a 52-week low of $9.95 and a 52-week high of $15.09.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Wednesday, June 1st will be issued a $0.28 dividend. This is a boost from CION Investment’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 10.81%. The ex-dividend date is Tuesday, May 31st. CION Investment’s dividend payout ratio is presently 100.90%.
Separately, Wells Fargo & Company reduced their price objective on CION Investment from $12.50 to $11.50 and set an “equal weight” rating for the company in a research note on Monday, April 25th.
About CION Investment (Get Rating)
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.
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