Calamos Convertible Opportunities and Income Fund to Issue Monthly Dividend of $0.10 (NASDAQ:CHI)

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) announced a monthly dividend on Monday, June 1st. Investors of record on Friday, June 12th will be given a dividend of 0.095 per share on Monday, June 22nd. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Friday, June 12th.

Calamos Convertible Opportunities and Income Fund Price Performance

CHI opened at $12.79 on Tuesday. Calamos Convertible Opportunities and Income Fund has a fifty-two week low of $10.00 and a fifty-two week high of $12.81. The company’s 50 day moving average price is $11.86 and its two-hundred day moving average price is $11.34.

Institutional Trading of Calamos Convertible Opportunities and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in Calamos Convertible Opportunities and Income Fund by 6,608.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,707,446 shares of the company’s stock worth $17,894,000 after purchasing an additional 1,681,994 shares during the last quarter. Bank of America Corp DE grew its position in shares of Calamos Convertible Opportunities and Income Fund by 54.5% in the 2nd quarter. Bank of America Corp DE now owns 2,284,573 shares of the company’s stock valued at $24,034,000 after buying an additional 806,294 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Calamos Convertible Opportunities and Income Fund by 290.2% in the 4th quarter. Advisors Asset Management Inc. now owns 226,592 shares of the company’s stock valued at $2,375,000 after buying an additional 168,527 shares during the last quarter. UBS Group AG increased its stake in shares of Calamos Convertible Opportunities and Income Fund by 7.4% in the fourth quarter. UBS Group AG now owns 2,187,784 shares of the company’s stock valued at $22,928,000 after buying an additional 150,988 shares during the period. Finally, PMG Family Office LLC bought a new position in shares of Calamos Convertible Opportunities and Income Fund during the third quarter worth about $1,153,000.

About Calamos Convertible Opportunities and Income Fund

Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) is a diversified, closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund primarily invests in convertible securities, including convertible bonds and preferred stocks, as well as high-yield debt instruments and equity securities. By blending income-generating instruments with the capital-appreciation potential of convertibles, CHI aims to provide investors with a balanced risk-return profile.

The fund pursues its investment strategy through fundamental research and active security selection, targeting issuers across various sectors and geographies.