Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) to Issue Monthly Dividend of $0.20

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCDGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Friday, April 12th will be paid a dividend of 0.195 per share on Friday, April 19th. This represents a $2.34 annualized dividend and a dividend yield of 10.99%. The ex-dividend date of this dividend is Thursday, April 11th.

Calamos Dynamic Convertible and Income Fund has raised its dividend by an average of 5.3% annually over the last three years.

Calamos Dynamic Convertible and Income Fund Stock Down 0.2 %

Shares of NASDAQ:CCD traded down $0.04 during mid-day trading on Wednesday, hitting $21.29. 67,825 shares of the company traded hands, compared to its average volume of 101,254. Calamos Dynamic Convertible and Income Fund has a 12-month low of $16.93 and a 12-month high of $24.68. The stock has a 50-day moving average price of $21.43 and a two-hundred day moving average price of $19.80.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Several hedge funds have recently made changes to their positions in CCD. Comerica Bank raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 16.2% during the 4th quarter. Comerica Bank now owns 10,771 shares of the company’s stock valued at $213,000 after purchasing an additional 1,500 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 1.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 40,645 shares of the company’s stock valued at $804,000 after purchasing an additional 606 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 21.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 31,599 shares of the company’s stock valued at $625,000 after purchasing an additional 5,488 shares during the period. UBS Group AG raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 10.1% during the 4th quarter. UBS Group AG now owns 90,655 shares of the company’s stock valued at $1,793,000 after purchasing an additional 8,317 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 0.9% during the 3rd quarter. Royal Bank of Canada now owns 143,500 shares of the company’s stock valued at $2,674,000 after purchasing an additional 1,338 shares during the period.

About Calamos Dynamic Convertible and Income Fund

(Get Free Report)

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.

See Also

Dividend History for Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD)

Receive News & Ratings for Calamos Dynamic Convertible and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calamos Dynamic Convertible and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.