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CION Investment's Q3 earnings crushed estimates, but shares dipped despite a high dividend.
CION Investment reported third-quarter earnings of $0.74 per share, far exceeding the $0.35 estimate, on revenue of $78.71 million, surpassing the $52.41 million forecast.
The company posted a 9.63% return on equity with a negative net margin of 4.57%.
Shares fell slightly to $9.61, with a market cap of $500.56 million and a negative P/E ratio of -50.58.
A quarterly dividend of $0.36 was declared, yielding 15.0%, though the payout ratio is negative.
Analysts remain divided, with a consensus "Reduce" rating and a $8.50 target price.
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Las ganancias del tercer trimestre de CION Investment superaron las estimaciones, pero las acciones se desplomaron a pesar de un alto dividendo.