Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) to Issue $0.14 Monthly Dividend

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Tuesday, May 14th will be given a dividend of 0.14 per share on Tuesday, May 21st. This represents a $1.68 annualized dividend and a yield of 10.77%. The ex-dividend date is Monday, May 13th.

Calamos Long/Short Equity & Dynamic Income Term Trust has raised its dividend by an average of 7.8% annually over the last three years.

Calamos Long/Short Equity & Dynamic Income Term Trust Trading Up 0.5 %

NASDAQ CPZ traded up 0.07 during trading hours on Friday, hitting 15.60. 22,500 shares of the stock were exchanged, compared to its average volume of 57,865. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of 13.17 and a 12-month high of 16.11. The stock has a 50-day moving average of 15.18 and a 200 day moving average of 14.80.

Insider Buying and Selling

In related news, CFO Thomas E. Herman bought 16,308 shares of the stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of 15.55 per share, for a total transaction of 253,589.40. Following the completion of the transaction, the chief financial officer now owns 26,783 shares of the company’s stock, valued at approximately 416,475.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.