Calamos Convertible and High Income Fund (CHY) to Issue Monthly Dividend of $0.10 on January 10th

Calamos Convertible and High Income Fund (NASDAQ:CHY) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, December 30th will be given a dividend of 0.10 per share by the investment management company on Friday, January 10th. This represents a $1.20 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date of this dividend is Monday, December 30th.

Calamos Convertible and High Income Fund has increased its dividend by an average of 5.6% annually over the last three years.

Calamos Convertible and High Income Fund Trading Up 1.2 %

NASDAQ:CHY traded up $0.14 during mid-day trading on Friday, hitting $12.14. 195,401 shares of the company’s stock traded hands, compared to its average volume of 148,252. The company has a fifty day moving average of $12.16 and a 200 day moving average of $11.72. Calamos Convertible and High Income Fund has a twelve month low of $10.77 and a twelve month high of $12.59.

About Calamos Convertible and High Income Fund

Calamos Convertible and High 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 diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's.