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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be given a dividend of 0.14 per share on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Tuesday, July 14th.

Calamos Long/Short Equity & Dynamic Income Term Trust Price Performance

Calamos Long/Short Equity & Dynamic Income Term Trust stock opened at $12.99 on Thursday. The firm has a fifty day moving average of $13.15 and a 200-day moving average of $14.07. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52-week low of $12.41 and a 52-week high of $16.82.

Institutional Trading of Calamos Long/Short Equity & Dynamic Income Term Trust

Several large investors have recently added to or reduced their stakes in CPZ. Osaic Holdings Inc. lifted its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.8% during the fourth quarter. Osaic Holdings Inc. now owns 88,707 shares of the company’s stock worth $1,297,000 after purchasing an additional 680 shares in the last quarter. Invesco Ltd. grew its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 7.5% in the fourth quarter. Invesco Ltd. now owns 11,207 shares of the company’s stock valued at $164,000 after buying an additional 785 shares in the last quarter. Comerica Bank grew its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 6.0% in the third quarter. Comerica Bank now owns 17,766 shares of the company’s stock valued at $287,000 after buying an additional 1,000 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 2.2% during the 4th quarter. Royal Bank of Canada now owns 50,886 shares of the company’s stock valued at $744,000 after buying an additional 1,094 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 79,747 shares of the company’s stock valued at $1,166,000 after buying an additional 1,127 shares during the period.

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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ: CPZ) is a closed-end management investment company that seeks to deliver long-term total return through a combination of capital appreciation and current income. The trust pursues this objective by maintaining a diversified portfolio of equity securities with an overlay of dynamic income strategies, including the use of call and put options.

The trust’s core investment approach combines long and short positions in U.S. and foreign equities, allowing portfolio managers to express both positive and negative views on individual securities and sectors.