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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be given a dividend of 0.195 per share on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Tuesday, July 14th.

Calamos Dynamic Convertible and Income Fund Stock Performance

Shares of CCD stock opened at $25.86 on Thursday. The company has a 50 day moving average price of $24.89 and a 200 day moving average price of $23.17. Calamos Dynamic Convertible and Income Fund has a fifty-two week low of $19.99 and a fifty-two week high of $26.10.

Hedge Funds Weigh In On Calamos Dynamic Convertible and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCD. Western Wealth Management LLC acquired a new position in shares of Calamos Dynamic Convertible and Income Fund in the first quarter worth $53,000. Bank of America Corp DE raised its stake in shares of Calamos Dynamic Convertible and Income Fund by 3.5% in the first quarter. Bank of America Corp DE now owns 314,124 shares of the company’s stock valued at $6,707,000 after acquiring an additional 10,689 shares in the last quarter. Royal Bank of Canada boosted its holdings in Calamos Dynamic Convertible and Income Fund by 4.5% in the first quarter. Royal Bank of Canada now owns 185,980 shares of the company’s stock valued at $3,971,000 after purchasing an additional 8,068 shares during the period. World Equity Group Inc. boosted its holdings in Calamos Dynamic Convertible and Income Fund by 106.7% in the first quarter. World Equity Group Inc. now owns 46,266 shares of the company’s stock valued at $988,000 after purchasing an additional 23,882 shares during the period. Finally, D.A. Davidson & CO. grew its stake in Calamos Dynamic Convertible and Income Fund by 3.9% during the 1st quarter. D.A. Davidson & CO. now owns 622,462 shares of the company’s stock worth $13,290,000 after purchasing an additional 23,349 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.