Calamos Convertible Opportunities and Income Fund Plans Monthly Dividend of $0.10 (NASDAQ:CHI)

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.095 per share on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Friday, August 14th.

Calamos Convertible Opportunities and Income Fund Stock Up 2.3%

CHI stock traded up $0.29 during midday trading on Tuesday, hitting $13.02. The stock had a trading volume of 118,433 shares, compared to its average volume of 188,442. Calamos Convertible Opportunities and Income Fund has a 52 week low of $10.10 and a 52 week high of $13.50. The stock has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $12.02.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Calamos Convertible Opportunities and Income Fund by 6,608.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,707,446 shares of the company’s stock worth $17,894,000 after buying an additional 1,681,994 shares during the period. Bank of America Corp DE increased its stake in Calamos Convertible Opportunities and Income Fund by 54.5% in the 2nd quarter. Bank of America Corp DE now owns 2,284,573 shares of the company’s stock valued at $24,034,000 after buying an additional 806,294 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Calamos Convertible Opportunities and Income Fund by 290.2% during the fourth quarter. Advisors Asset Management Inc. now owns 226,592 shares of the company’s stock valued at $2,375,000 after purchasing an additional 168,527 shares during the last quarter. UBS Group AG grew its position in shares of Calamos Convertible Opportunities and Income Fund by 7.4% during the 4th quarter. UBS Group AG now owns 2,187,784 shares of the company’s stock worth $22,928,000 after purchasing an additional 150,988 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in Calamos Convertible Opportunities and Income Fund during the 1st quarter worth approximately $911,000.

Calamos Convertible Opportunities and Income Fund Company Profile

Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) is a diversified, closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund primarily invests in convertible securities, including convertible bonds and preferred stocks, as well as high-yield debt instruments and equity securities. By blending income-generating instruments with the capital-appreciation potential of convertibles, CHI aims to provide investors with a balanced risk-return profile.

The fund pursues its investment strategy through fundamental research and active security selection, targeting issuers across various sectors and geographies.