CION Investment Corporation (CION) is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company.

The Company’s portfolio is comprised of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies.

CION Investment Corporation was founded in 2011 and is headquartered in New York City, NY.

Three key data points gauge CION  or any dividend paying firm. The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

CION Price

CION’s share price increased 11% in the past year, from $10.58 to $11.75 as of Friday’s market close.

In the past 10 years the company’s share price has rarely been less than $8.00 or more than $15.10.

If shares trade in the range of $10.00 to $13.00 this next year, the recent $11.75 share price might grow to $12.00. Of course, CION shares could also drop about the same $0.25 estimated amount, or more.

My $0.25 price upside estimate is in line with the median of one-year target prices projected by two analysts tracking CION for brokers

CION Dividend

CION Investment Corporation has paid quarterly dividends since March 2021. The company’s most recent Q dividend of $0.36 was declared November 7th for shareholders of record December 2nd and the payout is due December 16th.

The forward annual dividend yields 12.26% per Friday’s closing price.

CION Returns

Putting it all together, a $1.68 estimated annual gross gain per share shows up by adding CION’s annual $1.44 dividend to the estimated price upside of $0.24, totaling that $1.68 gross gain.

A little under $1000 buys 85 shares at Friday’s $11.75 share price.  A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.12 per share out of the $1.68 gross-gain to give us a net gain of $1.56 X 85 shares = $132.60 for about a 13.25% estimated net gain for the year.

Furthermore, the $122.60 annual estimated dividend from $1k invested is over 10 times greater than the $11.75 single share price. By these numbers, CION may be an ideal financial dividend dog.

Therefore, you might choose to pounce on CION Investment Corp., a 13 year-old Quarterly dividend paying business development company with a 3-year dividend record.

The exact track of CION’s future price and dividend will entirely be determined by market action and company finances.

Remember, the best measure of stock value is through direct ownership of shares.

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