Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Declares Monthly Dividend of $0.20

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) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Friday, August 14th.

Calamos Dynamic Convertible and Income Fund Trading Up 1.8%

Shares of Calamos Dynamic Convertible and Income Fund stock traded up $0.45 during trading on Tuesday, hitting $25.84. 49,205 shares of the company were exchanged, compared to its average volume of 87,524. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $19.99 and a fifty-two week high of $26.10. The firm has a 50 day moving average price of $25.26 and a 200 day moving average price of $23.78.

Institutional Trading of Calamos Dynamic Convertible and Income Fund

Institutional investors have recently made changes to their positions in the stock. Readystate Asset Management LP boosted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 144.0% in the fourth quarter. Readystate Asset Management LP now owns 58,054 shares of the company’s stock worth $1,209,000 after buying an additional 34,261 shares during the period. Absolute Investment Advisers LLC purchased a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter worth approximately $724,000. Bank of America Corp DE lifted its holdings in shares of Calamos Dynamic Convertible and Income Fund by 11.1% in the second quarter. Bank of America Corp DE now owns 328,473 shares of the company’s stock valued at $6,624,000 after purchasing an additional 32,794 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Calamos Dynamic Convertible and Income Fund in the third quarter worth $514,000. Finally, World Equity Group Inc. grew its holdings in shares of Calamos Dynamic Convertible and Income Fund by 106.7% during the first quarter. World Equity Group Inc. now owns 46,266 shares of the company’s stock valued at $988,000 after buying an additional 23,882 shares in the last quarter.

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.