Calamos Dynamic Convertible and Income Fund (CCD) to Issue Monthly Dividend of $0.20 on January 9th

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) announced a monthly dividend on Thursday, December 18th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.195 per share on Friday, January 9th. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Tuesday, December 30th.

Calamos Dynamic Convertible and Income Fund Price Performance

CCD stock opened at $21.58 on Friday. The firm has a fifty day moving average price of $21.31 and a 200 day moving average price of $20.89. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $18.12 and a fifty-two week high of $25.20.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 6.0% in the 1st quarter. Royal Bank of Canada now owns 141,994 shares of the company’s stock valued at $3,023,000 after acquiring an additional 8,055 shares during the last quarter. Capital CS Group LLC raised its position in Calamos Dynamic Convertible and Income Fund by 61.3% during the second quarter. Capital CS Group LLC now owns 19,157 shares of the company’s stock valued at $386,000 after purchasing an additional 7,282 shares during the period. Truist Financial Corp lifted its stake in shares of Calamos Dynamic Convertible and Income Fund by 1.8% in the 2nd quarter. Truist Financial Corp now owns 107,338 shares of the company’s stock valued at $2,165,000 after purchasing an additional 1,865 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 8.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 12,637 shares of the company’s stock worth $255,000 after purchasing an additional 997 shares during the period. Finally, Mutual Advisors LLC boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 4.6% in the 2nd quarter. Mutual Advisors LLC now owns 111,898 shares of the company’s stock worth $2,326,000 after purchasing an additional 4,931 shares during the period.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a diversified, closed-end management investment company that seeks total return through a combination of current income and capital appreciation. Listed on the NASDAQ Global Select Market, CCD provides investors access to a portfolio primarily composed of convertible securities, supplemented by fixed-income and equity instruments. By blending the features of bonds and equity, the fund aims to capture upside potential in rising markets while offering downside protection in more volatile conditions.

The fund’s investment strategy emphasizes convertible bonds, convertible preferred stocks, and other hybrid instruments, alongside selective allocations to corporate debt, high-yield securities, common stocks, and derivative overlays.