Calamos Convertible and High Income Fund Declares Monthly Dividend of $0.10 (NASDAQ:CHY)

Calamos Convertible and High Income Fund (NASDAQ:CHY) announced a monthly dividend on Friday, May 1st. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.10 per share by the investment management company on Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Thursday, May 14th.

Calamos Convertible and High Income Fund Price Performance

Shares of CHY opened at $13.04 on Tuesday. Calamos Convertible and High Income Fund has a twelve month low of $10.20 and a twelve month high of $13.10. The company’s fifty day simple moving average is $11.81 and its 200-day simple moving average is $11.68.

Institutional Investors Weigh In On Calamos Convertible and High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in CHY. Northwestern Mutual Wealth Management Co. raised its stake in shares of Calamos Convertible and High Income Fund by 175,137.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,186,577 shares of the investment management company’s stock valued at $115,210,000 after acquiring an additional 10,180,764 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the third quarter valued at $7,179,000. Greenberg Financial Group purchased a new stake in shares of Calamos Convertible and High Income Fund in the fourth quarter valued at $2,276,000. PMG Family Office LLC purchased a new stake in shares of Calamos Convertible and High Income Fund in the third quarter valued at $1,193,000. Finally, Wolverine Asset Management LLC increased its stake in Calamos Convertible and High Income Fund by 78.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 238,658 shares of the investment management company’s stock worth $2,678,000 after buying an additional 104,858 shares during the period.

About Calamos Convertible and High Income Fund

The Calamos Convertible and High Income Fund (NASDAQ: CHY) is a closed-end investment company managed by Calamos Investments. The fund seeks to deliver high current income and total return through a diversified portfolio of convertible securities and high-yield debt instruments. By blending growth potential from equity-linked convertibles with income generation from corporate and structured credit, the fund aims to offer investors a balanced approach to return enhancement and downside mitigation.

CHY’s portfolio typically includes investment-grade and below-investment-grade convertible bonds, convertible preferred stocks, senior loans and high-yield bonds issued by companies across a range of industries.