Calamos Convertible and High Income Fund (NASDAQ:CHY) Stock to Pay Monthly Dividend of $0.10

Calamos Convertible and High Income Fund (NASDAQ:CHY) declared a monthly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be given a dividend of $0.10 per share by the investment management company on Wednesday, October 21st. This represents a $1.20 annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Wednesday, October 14th.

Calamos Convertible and High Income Fund Trading Down 0.9%

NASDAQ:CHY opened at $11.61 on Friday. The stock has a 50 day moving average of $12.70 and a two-hundred day moving average of $12.63. Calamos Convertible and High Income Fund has a 12 month low of $10.41 and a 12 month high of $13.91.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHY. Baird Financial Group Inc. grew its holdings in shares of Calamos Convertible and High Income Fund by 29.7% during the 2nd quarter. Baird Financial Group Inc. now owns 151,082 shares of the investment management company’s stock worth $2,058,000 after purchasing an additional 34,611 shares during the period. Howard Financial Services LTD. acquired a new position in shares of Calamos Convertible and High Income Fund in the 2nd quarter worth approximately $254,000. Bank of America Corp DE lifted its holdings in shares of Calamos Convertible and High Income Fund by 1.7% in the 1st quarter. Bank of America Corp DE now owns 1,255,952 shares of the investment management company’s stock worth $13,677,000 after acquiring an additional 20,872 shares during the last quarter. Compound Planning Inc. boosted its position in shares of Calamos Convertible and High Income Fund by 8.4% during the 1st quarter. Compound Planning Inc. now owns 72,285 shares of the investment management company’s stock worth $787,000 after purchasing an additional 5,598 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Calamos Convertible and High Income Fund by 13.7% during the 1st quarter. Cetera Investment Advisers now owns 149,380 shares of the investment management company’s stock worth $1,627,000 after purchasing an additional 18,036 shares during the period.

About Calamos Convertible and High Income Fund

Calamos Convertible and High Income Fund is a publicly traded closed-end fund managed by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation by investing primarily in convertible securities and high-income corporate debt.

Its portfolio may include convertible bonds, preferred securities, high-yield bonds and other income-oriented investments. Convertible securities can provide regular income while offering the potential to participate in the equity performance of the issuing company.