Calamos Strategic Total Return Fund - CSQ Stock Forecast, Price & News

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in common and preferred stocks of companies across all market capitalizations, convertible securities, and high yield corporate bonds with an average credit rating of BB as rated by S&P. The fund employs both fundamental and quantitative analysis with a combination of bottom-up and top-down security picking approaches to create its portfolio. Calamos Strategic Total Return Fund was formed on December 31, 2003 and is domiciled in the United States.

Calamos Strategic Total Return Fund Price Performance

CSQ Stock opened at $15.53 on Monday. The stock's fifty day simple moving average is $14.16 and its two-hundred day simple moving average is $15.48. Calamos Strategic Total Return Fund has a 1-year low of $12.51 and a 1-year high of $19.89.

Calamos Strategic Total Return Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 12th will be paid a $0.102 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.22 dividend on an annualized basis and a yield of 7.88%.

Insiders Place Their Bets

In other news, major shareholder Metlife Investment Management, acquired 320,000 shares of the business's stock in a transaction dated Tuesday, May 24th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $8,000,000.00. Following the acquisition, the insider now owns 320,000 shares of the company's stock, valued at $8,000,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.