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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) announced a monthly dividend on Wednesday, March 5th, Wall Street Journal reports. Investors of record on Thursday, March 13th will be given a dividend of 0.195 per share on Thursday, March 20th. This represents a $2.34 annualized dividend and a dividend yield of 10.22%. The ex-dividend date is Thursday, March 13th.

Calamos Dynamic Convertible and Income Fund Stock Performance

NASDAQ:CCD traded up $0.18 during mid-day trading on Wednesday, hitting $22.90. 56,917 shares of the company’s stock traded hands, compared to its average volume of 57,312. Calamos Dynamic Convertible and Income Fund has a 1 year low of $20.69 and a 1 year high of $26.16. The firm’s 50 day simple moving average is $24.18 and its 200 day simple moving average is $24.31.

Calamos Dynamic Convertible and Income Fund Company Profile

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.