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CION Investment Corporation (CION)

Financial Services | Asset Management | New York, United States | NYSE
6.41 USD +0.01 (0.156%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 6.35 -0.06 (-0.060%) ⇩ (July 13, 2026, 7:55 p.m. EDT)

Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★☆☆☆
Hot Take | July 11, 2026, 6:18 a.m. EDT

The investment case here is defined by a stark disconnect between the headline-grabbing yield and the deteriorating business reality. While the 19.2% dividend yield looks attractive on paper, the payout ratio of nearly 294% reveals that the company is distributing far more cash than it generates in earnings, effectively burning through capital reserves to maintain the payout. This is unsustainable for a long-term holder, as the dividend is likely to face pressure once the cash pile depletes. Fundamentally, the company is struggling. Revenue has contracted by 11.7%, and the bottom line is in the red with negative earnings per share. The stock has already punished investors significantly, dropping over 20% in the last year despite a positive cumulative return over the wider three-year window, indicating a sharp reversal in market sentiment regarding the asset management business. Short-term, the technicals are bearish. The stock is trading well below its 50-day and 200-day moving averages, confirming a downtrend. While the options market has placed a heavy bid at the $5.00 level, acting as a psychological floor, the lack of bullish call positioning above current prices suggests sellers remain in control. The statistical forecast offers no help, showing a weak lean upward with low confidence. Conclusion: This is a speculative play for income seekers willing to accept the risk of dividend cuts, but it fails as a core investment. The business fundamentals are weak, the growth trajectory is negative, and the high yield is a trap masking capital destruction.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_92 ✓0.063362
MSTL_63_920.072515
AutoTheta0.079798
MSTL0.081167
AutoETS0.082151
AutoARIMA0.082152
MSTL_630.101570

Forecast horizon: 60 days | Selected: MSTL_92

Forecast Reliability
Score 45%
H-stat 2.44
Ljung-Box p 0.000
Jarque-Bera p 0.382
Excess Kurtosis -0.82
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-07-16
Last Dividend Date 2026-06-11
Debt to Equity Ratio 175.579
Revenue per Share 4.525
Market Cap 319,148,800
Forward P/E 5.85
Beta 1.08
Profit Margins -0.41%
Website https://www.cionbdc.com

As of July 11, 2026, 6:18 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at the $5.00 strike, creating a significant floor expectation. Conversely, call activity is concentrated deep in-the-money at the $5.00 strike, suggesting a 'long stock' bias rather than a bullish bet on upside expansion. The lack of meaningful open interest above the current price indicates the market sees limited room for immediate appreciation.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.43% 15.33% 14.84%
Dividend History
Date Dividend Yield %
2026-06-12 0.10 1.432665
2026-05-15 0.10 1.485884
2026-04-10 0.10 1.445087
2026-03-13 0.10 1.526718
2026-02-13 0.10 1.157407
2026-01-16 0.10 1.058201
2025-12-01 0.36 3.730570
2025-09-02 0.36 3.491755
2025-06-02 0.36 3.938731
2025-03-28 0.36 3.444976
2024-12-30 0.05 0.444444
2024-12-02 0.36 3.166227
2024-09-03 0.36 3.037975
2024-06-28 0.05 0.412541
2024-06-03 0.36 2.943581
2024-03-21 0.34 3.192488
2023-12-28 0.05 0.437063
2023-12-21 0.15 1.312336
2023-11-30 0.34 3.213611
2023-09-28 0.05 0.474383
2023-08-31 0.34 3.171642
2023-05-31 0.34 3.594080
2023-03-23 0.34 3.563941
2022-12-29 0.27 2.769231
2022-11-30 0.31 3.069307
2022-08-31 0.31 3.212435
2022-05-31 0.28 2.547771
2022-03-22 0.28 1.998572
2021-12-15 0.20 1.602564
2021-11-30 0.26 1.823282
Additional Data
dividendRate 1.2
dividendYield 18.75
exDividendDate 2026-07-17
trailingAnnualDividendRate 1.38
trailingAnnualDividendYield 0.215625
lastDividendValue 0.1
lastDividendDate 2026-06-12
dividendDate 2026-09-25

Info Dump

Attribute Value
52 Week Change -0.35483873
Address1 100 Park Avenue
Address2 25th Floor
All Time High 15.09
All Time Low 5.965
Ask 6.4
Ask Size 1,200
Average Daily Volume10 Day 535,370
Average Daily Volume3 Month 569,304
Average Volume 569,304
Average Volume10Days 535,370
Beta 1.082
Bid 6.39
Bid Size 800
Book Value 13.114
City New York
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.41
Current Ratio 1.702
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 6.49
Day Low 6.37
Debt To Equity 175.579
Display Name CION Inv
Dividend Date 1,790,294,400
Dividend Rate 1.2
Dividend Yield 18.75
Earnings Call Timestamp End 1,746,716,400
Earnings Call Timestamp Start 1,746,716,400
Earnings Timestamp End 1,754,915,400
Earnings Timestamp Start 1,754,483,400
Ebitda Margins 0.0
Enterprise To Revenue 6.266
Enterprise Value 1,468,083,840
Eps Current Year 1.04
Eps Forward 1.095
Eps Trailing Twelve Months -0.04
Esg Populated 0
Ex Dividend Date 1,784,246,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212-418-4739
Fifty Day Average 6.7834
Fifty Day Average Change -0.3734002
Fifty Day Average Change Percent -0.05504617
Fifty Two Week Change Percent -35.48387
Fifty Two Week High 10.93
Fifty Two Week High Change -4.5200005
Fifty Two Week High Change Percent -0.41354075
Fifty Two Week Low 5.965
Fifty Two Week Low Change 0.4449997
Fifty Two Week Low Change Percent 0.07460179
Fifty Two Week Range 5.965 - 10.93
Financial Currency USD
First Trade Date Milliseconds 1,633,440,600,000
Forward Eps 1.095
Forward P E 5.853881
Free Cashflow 55,967,000
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 234,284,000
Has Pre Post Market Data 1
Held Percent Insiders 0.0077
Held Percent Institutions 0.35279
Implied Shares Outstanding 49,789,210
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,781,222,400
Last Dividend Value 0.1
Last Fiscal Year End 1,767,139,200
Long Business Summary 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. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization investments. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $30 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.
Long Name CION Investment Corporation
Market us_market
Market Cap 319,148,800
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_144979041
Most Recent Quarter 1,774,915,200
Net Income To Common -957,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 318,650,944
Number Of Analyst Opinions 2
Open 6.41
Operating Cashflow 66,185,000
Operating Margins 0.7543
Payout Ratio 2.9388
Phone 212-418-4700
Post Market Change -0.059999943
Post Market Change Percent -0.9360366
Post Market Price 6.35
Post Market Time 1,783,986,950
Previous Close 6.4
Price Eps Current Year 6.1634617
Price Hint 2
Price To Book 0.48879057
Price To Sales Trailing12 Months 1.3622304
Profit Margins -0.00408
Quick Ratio 1.627
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.00999975
Regular Market Change Percent 0.156246
Regular Market Day High 6.49
Regular Market Day Low 6.37
Regular Market Day Range 6.37 - 6.49
Regular Market Open 6.41
Regular Market Previous Close 6.4
Regular Market Price 6.41
Regular Market Time 1,783,972,802
Regular Market Volume 407,829
Return On Assets 0.05969
Return On Equity -0.00135
Revenue Growth -0.117
Revenue Per Share 4.525
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 49,789,210
Shares Percent Shares Out 0.032
Shares Short 1,593,855
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 1,257,381
Short Name CION Investment Corporation
Short Percent Of Float 0.0322
Short Ratio 2.7
Source Interval 15
State NY
Symbol CION
Target High Price 9.5
Target Low Price 9.0
Target Mean Price 9.25
Target Median Price 9.25
Total Cash 9,248,000
Total Cash Per Share 0.186
Total Debt 1,158,183,040
Total Revenue 234,284,000
Tradeable 0
Trailing Annual Dividend Rate 1.38
Trailing Annual Dividend Yield 0.215625
Trailing Eps -0.04
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 8.32515
Two Hundred Day Average Change -1.9151497
Two Hundred Day Average Change Percent -0.23004387
Type Disp Equity
Volume 407,829
Website https://www.cionbdc.com
Zip 10,017