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

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) announced a monthly dividend on Monday, June 2nd, Wall Street Journal reports. Shareholders of record on Thursday, June 12th will be given a dividend of 0.195 per share on Friday, June 20th. This represents a $2.34 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend is Thursday, June 12th.

Calamos Dynamic Convertible and Income Fund Trading Up 0.2%

NASDAQ:CCD opened at $20.19 on Tuesday. Calamos Dynamic Convertible and Income Fund has a 12-month low of $18.12 and a 12-month high of $26.16. The stock has a 50-day moving average price of $20.94 and a 200 day moving average price of $22.67.

Institutional Investors Weigh In On Calamos Dynamic Convertible and Income Fund

An institutional investor recently raised its position in Calamos Dynamic Convertible and Income Fund stock. Royal Bank of Canada lifted its position in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) by 6.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,994 shares of the company’s stock after purchasing an additional 8,055 shares during the quarter. Royal Bank of Canada’s holdings in Calamos Dynamic Convertible and Income Fund were worth $3,023,000 at the end of the most recent reporting period.

About Calamos Dynamic Convertible and Income Fund

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.