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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be given a dividend of 0.195 per share on Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Friday, November 14th.

Calamos Dynamic Convertible and Income Fund Stock Performance

CCD opened at $21.88 on Tuesday. The stock has a 50-day moving average price of $21.28 and a 200-day moving average price of $20.88. Calamos Dynamic Convertible and Income Fund has a 12-month low of $18.12 and a 12-month high of $25.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 2.8% during the third quarter. D.A. Davidson & CO. now owns 631,809 shares of the company’s stock worth $13,293,000 after acquiring an additional 16,968 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 11.1% during the 2nd quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock valued at $6,624,000 after purchasing an additional 32,794 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 6.0% during the 1st quarter. Royal Bank of Canada now owns 141,994 shares of the company’s stock valued at $3,023,000 after purchasing an additional 8,055 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Calamos Dynamic Convertible and Income Fund by 225.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 113,307 shares of the company’s stock worth $2,412,000 after purchasing an additional 78,526 shares during the period. Finally, Mutual Advisors LLC lifted its stake in Calamos Dynamic Convertible and Income Fund by 4.6% in the second quarter. Mutual Advisors LLC now owns 111,898 shares of the company’s stock worth $2,326,000 after purchasing an additional 4,931 shares during the last quarter.

About Calamos Dynamic Convertible and Income Fund

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.