Favorable News Coverage Somewhat Unlikely to Impact Calamos Convertible & Hi Income Fund (CHY) Share Price
Media headlines about Calamos Convertible & Hi Income Fund (NASDAQ:CHY) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calamos Convertible & Hi Income Fund earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 48.0942677063116 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Calamos Convertible & Hi Income Fund (NASDAQ:CHY) traded down 0.33% during mid-day trading on Monday, reaching $11.98. The company’s stock had a trading volume of 261,918 shares. Calamos Convertible & Hi Income Fund has a 52-week low of $9.91 and a 52-week high of $12.15. The firm’s 50 day moving average is $11.81 and its 200-day moving average is $11.70.
The company also recently announced a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 11th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $1.20 dividend on an annualized basis and a yield of 10.02%.
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About Calamos Convertible & Hi Income Fund
Calamos Convertible and High Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment strategy is to provide total return through a combination of capital appreciation and current income. The Fund invests in a diversified portfolio of convertible securities and high yield securities.
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