Calamos Dynamic Convertible and Income Fund Announces $0.195 Monthly Dividend
The Calamos Dynamic Convertible and Income Fund (CCD) has declared a monthly dividend of $0.195 per share, resulting in an annualized forward yield of approximately 10.41%. The dividend is payable on October 21 to shareholders of record as of October 14, with the ex-dividend date also set for October 14. The fund's consistent payout reflects its strategy focused on generating income through a mix of convertible securities and other fixed-income investments. Analysts have noted that while the yield appears sustainable at around 9.6%, concerns remain about the premium valuation offering limited downside protection.
Tickers: $CCD
Topics: dividend income fund