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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) declared a monthly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be paid a dividend of $0.1950 per share on Wednesday, October 21st. This represents a $2.34 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Wednesday, October 14th.

Calamos Dynamic Convertible and Income Fund Stock Performance

CCD stock opened at $22.48 on Friday. The stock’s 50 day moving average is $24.53 and its 200-day moving average is $24.35. Calamos Dynamic Convertible and Income Fund has a twelve month low of $19.99 and a twelve month high of $26.99.

Insider Buying and Selling at Calamos Dynamic Convertible and Income Fund

In other Calamos Dynamic Convertible and Income Fund news, major shareholder Metlife Investment Management, purchased 880,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average cost of $25.00 per share, with a total value of $22,000,000.00. Following the completion of the transaction, the insider owned 296,000 shares of the company’s stock, valued at $7,400,000. The trade was a -150.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Hedge funds have recently modified their holdings of the stock. Harborfront Financial Group LLC bought a new position in shares of Calamos Dynamic Convertible and Income Fund during the 2nd quarter worth $32,000. Quad Cities Investment Group LLC boosted its position in shares of Calamos Dynamic Convertible and Income Fund by 2.8% in the second quarter. Quad Cities Investment Group LLC now owns 17,038 shares of the company’s stock valued at $439,000 after acquiring an additional 471 shares during the period. CoreCap Advisors LLC grew its position in shares of Calamos Dynamic Convertible and Income Fund by 20.6% during the 2nd quarter. CoreCap Advisors LLC now owns 35,227 shares of the company’s stock valued at $908,000 after purchasing an additional 6,022 shares in the last quarter. Western Wealth Management LLC bought a new position in Calamos Dynamic Convertible and Income Fund in the 1st quarter worth about $53,000. Finally, Royal Bank of Canada raised its stake in Calamos Dynamic Convertible and Income Fund by 4.5% in the first quarter. Royal Bank of Canada now owns 185,980 shares of the company’s stock valued at $3,971,000 after purchasing an additional 8,068 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible and Income Fund is a diversified, closed-end investment fund managed by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

Its portfolio is dynamically allocated among convertible securities, high-yield corporate bonds and other income-producing investments. Convertible securities can offer both income and the potential to participate in the equity performance of the issuing company, while the fund’s broader mandate allows its managers to adjust exposure as market conditions change.

The fund may invest in securities issued by companies in the United States and other countries, providing exposure across multiple industries and geographic markets.