SmarterDividends
CION

CION Investment Corporation

CION

Financial Services · Asset Management · Stock · monthly payer

$6.58

Undervalued · +119% Add to Portfolio

Forward Yield

18.24%

Annual Dividend

$1.20

Payout Ratio

1886%

5-Yr Growth

—

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about CION's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, CION Investment Corporation (CION) has a forward dividend yield of 18.24%, based on an annual dividend of $1.20 per share and a share price of $6.58.
  • As of Oct 27, 2026, CION's dividend safety grade from SmarterDividends is D (40 out of 100), which rates the dividend as unsafe.
  • By SmarterDividends' count, CION Investment Corporation (CION) has raised its dividend for 2 consecutive years as of Oct 27, 2026.
  • CION last cut its regular dividend in 2023.
  • CION's next ex-dividend date is Nov 13, 2026, with payment on Nov 27, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, CION's 18.24% yield is 53% above its five-year average yield of 11.94%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for CION is $14.42 per share, 119% above the $6.58 share price, so CION screens as undervalued.
  • CION Investment Corporation (CION) pays its dividend monthly, 12 times a year.
  • CION Investment Corporation (CION) has raised its regular dividend 5 times and cut it 2 times across the 34 payments on record since 2021. Its most recent change was a 72.2% cut to $0.100 per share, going ex-dividend on Jan 16, 2026.
Cite this page

SmarterDividends, "CION Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/CION

Summary

As of Oct 27, 2026, CION Investment Corporation (CION) yields 18.24% ($1.20 a year per share), has a dividend safety grade of D (40/100) and has 2 consecutive years of dividend increases on record.

Is CION a good dividend stock?

Higher risk

CION Investment Corporation (CION) pays a monthly dividend yielding 18.24% ($1.20/yr), with 2 years of growth and a dividend-safety grade of D. 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 (1886%)
    • 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
    18.24%
    Payout Ratio
    1886%
    Annual Dividend
    $1.20
    5-Yr Avg Growth
    —
    Ex-Dividend Date
    Nov 13, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    1.13
    Market Cap
    $323.8M
    P/E Ratio
    94.0
    5-Yr Total Return
    -54%
    52-Week Range
    $5.83 – $10.40
    Dividend Safety
    D · 40/100
    Ever Cut?
    Yes (2023)

    CION dividend raises and cuts

    CION Investment Corporation (CION) has raised its regular dividend 5 times and cut it 2 times across the 34 payments on record since 2021. Its most recent change was a 72.2% cut to $0.100 per share, going ex-dividend on Jan 16, 2026.

    Ex-dateChangeOld → newMove
    Jan 16, 2026Cut$0.360 → $0.100−72.2%
    Jun 3, 2024Raise$0.340 → $0.360+5.9%
    Mar 21, 2024Raise$0.150 → $0.340+126.7%
    Dec 21, 2023Cut$0.340 → $0.150−55.9%
    Mar 23, 2023Raise$0.310 → $0.340+9.7%
    Aug 31, 2022Raise$0.280 → $0.310+10.7%
    Mar 22, 2022Raise$0.260 → $0.280+7.7%
    Every CION payment →Download every raise and cut (CSV)
    CION ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →CION dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is CION a good dividend stock?

    Higher risk. CION Investment Corporation (CION) pays a monthly dividend yielding 18.24% ($1.20/yr), with 2 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

    Is CION undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CION's fair value is about $14.42 versus a $6.58 share price — so it looks undervalued (+119% vs. fair value).

    Is CION's dividend safe?

    CION has a dividend-safety grade of D (40/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is CION's fair value?

    Our blended fair-value estimate for CION is about $14.42 per share, roughly 119% above the current $6.58 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is CION a buy, hold, or sell?

    We don't issue formal ratings, but on the data CION screens as "higher risk" and undervalued. CION Investment Corporation (CION) pays a monthly dividend yielding 18.24% ($1.20/yr), with 2 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk. This is research for your own analysis, not investment advice.

    Will CION cut its dividend?

    CION earns a dividend-safety grade of D (40/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does CION pay a dividend?

    Yes. CION Investment Corporation pays a monthly dividend of about $1.20 per share annually, a forward yield of roughly 18.24%.

    What is CION's dividend yield?

    As of Oct 27, 2026, CION's forward dividend yield is 18.24%, based on a $1.20 annual dividend and a $6.58 share price.

    What is CION's dividend per share?

    As of Oct 27, 2026, CION pays $1.20 per share per year, distributed on a monthly basis.

    What is CION's dividend payout ratio?

    As of Oct 27, 2026, CION's payout ratio is 1886% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has CION grown its dividend?

    As of Oct 27, 2026, CION has increased its dividend for 2 consecutive years.

    When is the next CION ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for CION is Nov 13, 2026.

    Income Calculator

    At $1.20 / yr per share

    Per payment (monthly)$10.00
    Annual$120.00
    Monthly avg$10.00

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