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. The fund also invests through derivatives such as options. It employs fundamental analysis with a top-down global macroeconomic approach to create its portfolio. Calamos Dynamic Convertible and Income Fund was formed on March 11, 2014 and is domiciled in the United States.
Calamos Dynamic Convertible and Income Fund Price Performance
NASDAQ:CCD traded down $0.27 during trading hours on Friday, hitting $24.60. 109,540 shares of the company were exchanged, compared to its average volume of 93,320. The company has a 50 day moving average of $22.61 and a two-hundred day moving average of $24.29. Calamos Dynamic Convertible and Income Fund has a 52-week low of $19.97 and a 52-week high of $33.80.
Calamos Dynamic Convertible and Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.34 annualized dividend and a yield of 9.51%.
Insiders Place Their Bets
In other Calamos Dynamic Convertible and Income Fund news, major shareholder Metlife Investment Management, acquired 440,000 shares of the stock in a transaction dated Tuesday, May 24th. The stock was acquired at an average cost of $25.00 per share, with a total value of $11,000,000.00. Following the transaction, the insider now owns 440,000 shares in the company, valued at approximately $11,000,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.