This Stock Has an 18%+ Annual Yield, Pays Monthly, and is Covered by Cash Flow

CION Investment Corp (CION), a BDC that pays out 90% of its interest income from loans it owns, pays a 10-cent monthly distribution. At $6.55 per share, CION stock now has an 18.3% annualized yield. It looks very attractive to value investors as its income covers the distributions. CION closed down 4% on Friday, March 13, at $6.55, following the company's earnings release on March 12. That provides value investors with a great investing opportunity. This article will show why. More News from Barchart CI ...