Calamos Dynamic Convertible and Income Fund (CCD) To Go Ex-Dividend on August 14th

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.195 per share on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Friday, August 14th.

Calamos Dynamic Convertible and Income Fund Price Performance

CCD stock opened at $25.74 on Wednesday. The company’s fifty day moving average price is $25.27 and its 200-day moving average price is $23.81. Calamos Dynamic Convertible and Income Fund has a one year low of $19.99 and a one year high of $26.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC grew its stake in shares of Calamos Dynamic Convertible and Income Fund by 20.6% in the 2nd quarter. CoreCap Advisors LLC now owns 35,227 shares of the company’s stock worth $908,000 after buying an additional 6,022 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 3.5% in the 1st quarter. Bank of America Corp DE now owns 314,124 shares of the company’s stock worth $6,707,000 after purchasing an additional 10,689 shares during the period. Advisory Services Network LLC bought a new position in shares of Calamos Dynamic Convertible and Income Fund during the 3rd quarter valued at approximately $35,000. Triumph Capital Management bought a new stake in Calamos Dynamic Convertible and Income Fund in the third quarter worth $65,000. Finally, Commonwealth Equity Services LLC boosted its stake in Calamos Dynamic Convertible and Income Fund by 41.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 77,412 shares of the company’s stock worth $1,615,000 after buying an additional 22,493 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.