Calamos Dynamic Convertible and Income Fund (CCD) To Go Ex-Dividend on November 13th

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.1950 per share on Friday, November 20th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Friday, November 13th.

Calamos Dynamic Convertible and Income Fund Price Performance

NASDAQ:CCD opened at $20.51 on Wednesday. The firm has a 50 day simple moving average of $22.80 and a 200-day simple moving average of $23.75. Calamos Dynamic Convertible and Income Fund has a 1-year low of $19.81 and a 1-year high of $26.99.

Insider Buying and Selling

In other news, major shareholder Metlife Investment Management, bought 880,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $25.00 per share, with a total value of $22,000,000.00. Following the purchase, the insider owned 296,000 shares of the company’s stock, valued at approximately $7,400,000. The trade was a -150.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

Hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC grew its position in shares of Calamos Dynamic Convertible and Income Fund by 102.8% in the third quarter. Private Advisor Group LLC now owns 29,951 shares of the company’s stock valued at $677,000 after purchasing an additional 15,181 shares during the period. Kestra Advisory Services LLC lifted its position in Calamos Dynamic Convertible and Income Fund by 10.6% during the third quarter. Kestra Advisory Services LLC now owns 37,436 shares of the company’s stock worth $847,000 after buying an additional 3,579 shares during the period. International Assets Investment Management LLC boosted its stake in Calamos Dynamic Convertible and Income Fund by 249.4% in the 3rd quarter. International Assets Investment Management LLC now owns 47,000 shares of the company’s stock worth $1,063,000 after buying an additional 33,548 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Calamos Dynamic Convertible and Income Fund by 0.7% in the 3rd quarter. D.A. Davidson & CO. now owns 629,458 shares of the company’s stock worth $14,238,000 after buying an additional 4,227 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Calamos Dynamic Convertible and Income Fund by 1.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 35,409 shares of the company’s stock valued at $801,000 after buying an additional 625 shares during the period.

Calamos Dynamic Convertible and Income Fund Company Profile

Calamos Dynamic Convertible and Income Fund is a publicly traded closed-end fund listed on Nasdaq under the symbol CCD. The fund seeks to provide total return through a combination of current income and capital appreciation. The fund invests primarily in convertible securities and income-producing fixed-income securities, including corporate bonds. Convertible securities can offer income and the potential for equity participation, while the fund’s broader fixed-income investments are intended to support its income-oriented strategy.