Calamos Convertible and High Income Fund Declares Monthly Dividend of $0.10 (NASDAQ:CHY)

Calamos Convertible and High Income Fund (NASDAQ:CHY) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.10 per share by the investment management company on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, July 14th.

Calamos Convertible and High Income Fund Stock Down 1.0%

Shares of Calamos Convertible and High Income Fund stock opened at $13.48 on Thursday. Calamos Convertible and High Income Fund has a 52 week low of $10.41 and a 52 week high of $13.64. The business’s fifty day simple moving average is $12.89 and its 200-day simple moving average is $12.09.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in CHY. Northwestern Mutual Wealth Management Co. raised its position in Calamos Convertible and High Income Fund by 175,137.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,186,577 shares of the investment management company’s stock valued at $115,210,000 after purchasing an additional 10,180,764 shares during the period. Greenberg Financial Group purchased a new position in Calamos Convertible and High Income Fund in the fourth quarter worth approximately $2,276,000. PMG Family Office LLC acquired a new position in Calamos Convertible and High Income Fund during the 3rd quarter worth approximately $1,193,000. LPL Financial LLC grew its holdings in Calamos Convertible and High Income Fund by 7.5% during the 4th quarter. LPL Financial LLC now owns 1,478,856 shares of the investment management company’s stock worth $16,726,000 after acquiring an additional 102,664 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Calamos Convertible and High Income Fund by 12.1% in the 4th quarter. Guggenheim Capital LLC now owns 719,274 shares of the investment management company’s stock valued at $8,135,000 after purchasing an additional 77,789 shares during the last quarter.

About Calamos Convertible and High Income Fund

The Calamos Convertible and High Income Fund (NASDAQ: CHY) is a closed-end investment company managed by Calamos Investments. The fund seeks to deliver high current income and total return through a diversified portfolio of convertible securities and high-yield debt instruments. By blending growth potential from equity-linked convertibles with income generation from corporate and structured credit, the fund aims to offer investors a balanced approach to return enhancement and downside mitigation.

CHY’s portfolio typically includes investment-grade and below-investment-grade convertible bonds, convertible preferred stocks, senior loans and high-yield bonds issued by companies across a range of industries.