Cion Investment Reduces Quarterly Dividend to $0.25 Per Share
Cion Investment (NYSE: CION) has announced a reduction in its quarterly dividend distribution. The new payout is set at $0.25 per share, representing a 16.7% decrease from the previous quarterly dividend of $0.30 per share. Despite the reduction, the company maintains a significant forward yield of 15.58%. The upcoming distribution will be paid on a monthly basis, with an installment of $0.08 per share scheduled for January 29 to shareholders of record as of January 15.