Dividend Cut Alert: Bad News For BDCs [Seeking Alpha]
CION Investment Corporation (CION)
Company Research
Source: Seeking Alpha
13 Likes Samuel Smith Investing Group Leader Follow Summary BDCs have outperformed REITs since early 2022 due to rising short-term interest rates and a strong economy, but dynamics shifted in July. With long-term rates declining and recession fears rising, BDCs face dividend cut risk. One BDC recently slashed its dividend aggressively and more are likely to follow. We look at some that are at risk and some that look safer for now. Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More » TimAbramowitz Business development companies ( BIZD ) have been on a great run since early 2022 when the Federal Reserve began hiking interest rates. During that period, they have significantly outperformed other high-yield sectors, such as REITs ( VNQ ), by a wide margin. Data by YCharts This makes sense because the economy was on surprisingly strong footing and short-term interest rat
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News
- CION Investments and GCM Grosvenor Announce SEC Effectiveness of the CION Grosvenor Infrastructure FundBusiness Wire
- CION Investment Corporation (CION) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- CION Invt Corp (CION) Q3 2024 Earnings Call Highlights: Navigating Market Volatility with ... [Yahoo! Finance]Yahoo! Finance
- CION Investment Corporation Reports Third Quarter 2024 Financial ResultsBusiness Wire
- CION Investment Co. (NYSE: CION) had its price target lowered by analysts at Wells Fargo & Company from $12.00 to $11.50. They now have an "equal weight" rating on the stock.MarketBeat
CION
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- CION's page on the SEC website