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 Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, December 30th will be paid a dividend of 0.195 per share on Friday, January 10th. This represents a $2.34 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date is Monday, December 30th.

Calamos Dynamic Convertible and Income Fund has increased its dividend payment by an average of 5.3% per year over the last three years.

Calamos Dynamic Convertible and Income Fund Stock Up 1.1 %

CCD traded up $0.28 on Friday, reaching $24.65. 98,439 shares of the company’s stock were exchanged, compared to its average volume of 78,257. The company’s 50 day moving average is $24.33 and its 200-day moving average is $23.78. Calamos Dynamic Convertible and Income Fund has a twelve month low of $19.13 and a twelve month high of $26.16.

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.