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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) announced a monthly dividend on Thursday, August 1st, Zacks reports. Investors of record on Friday, August 9th will be given a dividend of 0.195 per share on Friday, August 16th. This represents a $2.34 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date of this dividend is Friday, August 9th.

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 Price Performance

Shares of CCD stock traded down $0.50 during mid-day trading on Friday, reaching $22.49. The stock had a trading volume of 67,382 shares, compared to its average volume of 83,757. Calamos Dynamic Convertible and Income Fund has a one year low of $16.93 and a one year high of $23.86. The firm’s 50 day simple moving average is $22.78 and its 200 day simple moving average is $22.00.

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.