Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) Shares Will Pay Monthly Dividend of $0.10

Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.0950 per share on Friday, November 20th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Friday, November 13th.

Calamos Convertible Opportunities and Income Fund Stock Performance

Shares of NASDAQ:CHI opened at $10.71 on Tuesday. Calamos Convertible Opportunities and Income Fund has a 52 week low of $10.26 and a 52 week high of $13.50. The firm has a 50 day simple moving average of $11.87 and a 200 day simple moving average of $12.05.

Insiders Place Their Bets

In other Calamos Convertible Opportunities and Income Fund news, major shareholder Metlife Investment Management, purchased 345,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average cost of $25.00 per share, with a total value of $8,625,000.00. Following the completion of the transaction, the insider owned 112,000 shares of the company’s stock, valued at approximately $2,800,000. This represents a -148.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CHI. Bank of America Corp DE increased its position in Calamos Convertible Opportunities and Income Fund by 5.9% in the 1st quarter. Bank of America Corp DE now owns 2,629,637 shares of the company’s stock worth $28,242,000 after purchasing an additional 145,622 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Calamos Convertible Opportunities and Income Fund by 0.8% during the 3rd quarter. D.A. Davidson & CO. now owns 1,113,916 shares of the company’s stock valued at $12,732,000 after purchasing an additional 8,498 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Calamos Convertible Opportunities and Income Fund by 3.8% in the 2nd quarter. Baird Financial Group Inc. now owns 613,861 shares of the company’s stock valued at $8,250,000 after purchasing an additional 22,625 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Calamos Convertible Opportunities and Income Fund by 3.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 583,629 shares of the company’s stock valued at $6,671,000 after purchasing an additional 19,943 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in Calamos Convertible Opportunities and Income Fund by 44.7% in the third quarter. Samalin Investment Counsel LLC now owns 298,799 shares of the company’s stock worth $3,415,000 after purchasing an additional 92,354 shares in the last quarter.

About Calamos Convertible Opportunities and Income Fund

Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) is a closed-end investment company managed by Calamos Advisors LLC, an affiliate of Calamos Investments. The fund seeks to provide current income and total return through a portfolio that combines convertible securities with income-producing investments.

The fund primarily invests in convertible bonds and preferred securities, which may offer the potential for equity participation while retaining characteristics of fixed-income instruments.