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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) declared a monthly dividend on Friday, May 1st. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.195 per share on Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Thursday, May 14th.

Calamos Dynamic Convertible and Income Fund Stock Up 0.9%

Shares of CCD opened at $25.19 on Tuesday. Calamos Dynamic Convertible and Income Fund has a 12 month low of $19.17 and a 12 month high of $25.40. The firm’s 50 day moving average is $22.89 and its 200-day moving average is $22.20.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a diversified, closed-end management investment company that seeks total return through a combination of current income and capital appreciation. Listed on the NASDAQ Global Select Market, CCD provides investors access to a portfolio primarily composed of convertible securities, supplemented by fixed-income and equity instruments. By blending the features of bonds and equity, the fund aims to capture upside potential in rising markets while offering downside protection in more volatile conditions.

The fund’s investment strategy emphasizes convertible bonds, convertible preferred stocks, and other hybrid instruments, alongside selective allocations to corporate debt, high-yield securities, common stocks, and derivative overlays.