CION Investment Corporation
CIONFinancial Services · Stock · monthly payer
Forward Yield
19.64%
Annual Dividend
$1.20
Payout Ratio
294%
5-Yr Growth
—
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of July 2026, CION Investment Corporation (CION) yields 19.64% ($1.20 per share annually), with a blended fair-value estimate of $14.03 — +130% upside, so it screens as undervalued. Dividend safety grade: F (35/100). 2 years of dividend growth.
Is CION a good dividend stock?
Higher riskCION Investment Corporation (CION) pays a monthly dividend yielding 19.64% ($1.20/yr), with 2 years of growth and a dividend-safety grade of F. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (294%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 19.64%
- Payout Ratio
- 294%
- Annual Dividend
- $1.20
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 1.08
- Market Cap
- $304.2M
- P/E Ratio
- —
- 5-Yr Total Return
- -52%
- 52-Week Range
- $5.97 – $10.93
- Dividend Safety
- F · 35/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CION Price — Last 12 Months
Daily close
Price Return
1 Year
-43%
3 Years
-43%
5 Years
-52%
52-Week Range
$5.97 – $10.93
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CION worth?
Undervaluedlow confidenceOur blended fair-value estimate for CION Investment Corporation is $14.03 per share, versus a market price of $6.11. That implies 130% of upside — a margin of safety of about 56%.
Fair Value
$14.03
Current Price
$6.11
Upside
+130%
Margin of Safety
56%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 10.4% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.7% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, -$0.04 EPS, $1.20 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CION Dividend Safety Score
Unsafe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 17, 2026 | — | $0.1000 | regular |
| Jun 12, 2026 | — | $0.1000 | regular |
| May 15, 2026 | — | $0.1000 | regular |
| Apr 10, 2026 | — | $0.1000 | regular |
| Mar 13, 2026 | — | $0.1000 | regular |
| Feb 13, 2026 | — | $0.1000 | regular |
| Jan 16, 2026 | — | $0.1000 | regular |
| Dec 1, 2025 | — | $0.3600 | regular |
| Sep 2, 2025 | — | $0.3600 | regular |
| Jun 2, 2025 | — | $0.3600 | regular |
| Mar 28, 2025 | — | $0.3600 | regular |
| Dec 30, 2024 | — | $0.0500 | regular |
| Dec 2, 2024 | — | $0.3600 | regular |
| Sep 3, 2024 | — | $0.3600 | regular |
Income Calculator
At $1.20 / yr per share
