Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Declares $0.20 Dividend
by Jessica Moore · The Cerbat GemCalamos Dynamic Convertible and Income Fund (NASDAQ:CCD – Get Free Report) declared a dividend on Wednesday, April 1st, NASDAQ Dividends reports. Investors of record on Tuesday, April 14th will be given a dividend of 0.195 per share on Tuesday, April 21st. The ex-dividend date is Tuesday, April 14th.
Calamos Dynamic Convertible and Income Fund Stock Performance
NASDAQ CCD remained flat at $22.23 on Friday. 49,239 shares of the company’s stock traded hands, compared to its average volume of 86,847. Calamos Dynamic Convertible and Income Fund has a 12-month low of $18.12 and a 12-month high of $23.18. The business’s 50-day moving average price is $22.34 and its 200-day moving average price is $21.77.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CCD. Readystate Asset Management LP lifted its stake in Calamos Dynamic Convertible and Income Fund by 144.0% in the 4th quarter. Readystate Asset Management LP now owns 58,054 shares of the company’s stock worth $1,209,000 after acquiring an additional 34,261 shares in the last quarter. Guggenheim Capital LLC boosted its position in Calamos Dynamic Convertible and Income Fund by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 257,289 shares of the company’s stock worth $5,357,000 after acquiring an additional 10,370 shares during the period. Abel Hall LLC purchased a new position in Calamos Dynamic Convertible and Income Fund during the 4th quarter valued at about $209,000. Royal Bank of Canada grew its stake in Calamos Dynamic Convertible and Income Fund by 12.3% during the 4th quarter. Royal Bank of Canada now owns 177,912 shares of the company’s stock valued at $3,711,000 after acquiring an additional 19,494 shares in the last quarter. Finally, Arax Advisory Partners increased its holdings in shares of Calamos Dynamic Convertible and Income Fund by 1,137.2% in the 4th quarter. Arax Advisory Partners now owns 11,543 shares of the company’s stock valued at $241,000 after purchasing an additional 10,610 shares during the period.
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.