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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) declared a monthly dividend on Monday, December 2nd,Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.195 per share on Thursday, December 19th. This represents a $2.34 annualized dividend and a yield of 9.84%. The ex-dividend date is Friday, December 13th.

Calamos Dynamic Convertible and Income Fund has raised its dividend payment by an average of 5.3% per year over the last three years.

Calamos Dynamic Convertible and Income Fund Stock Down 0.1 %

NASDAQ:CCD traded down $0.02 during midday trading on Wednesday, hitting $23.79. The stock had a trading volume of 8,954 shares, compared to its average volume of 78,364. Calamos Dynamic Convertible and Income Fund has a one year low of $18.84 and a one year high of $26.16. The stock has a 50-day moving average of $24.53 and a 200 day moving average of $23.72.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.