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

Calamos Convertible and High Income Fund (NASDAQ:CHY – Get Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be given a dividend of 0.10 per share by the investment management company on Friday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date is Thursday, May 12th.

Calamos Convertible and High Income Fund has increased its dividend payment by an average of 1.7% annually over the last three years and has increased its dividend every year for the last 1 years.

Shares of Calamos Convertible and High Income Fund stock opened at $13.18 on Thursday. The firm’s 50-day simple moving average is $13.69 and its 200-day simple moving average is $14.95. Calamos Convertible and High Income Fund has a 1 year low of $12.50 and a 1 year high of $17.09.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC acquired a new stake in shares of Calamos Convertible and High Income Fund in the fourth quarter valued at approximately $267,000. Cetera Investment Advisers increased its stake in shares of Calamos Convertible and High Income Fund by 8.1% in the fourth quarter. Cetera Investment Advisers now owns 22,165 shares of the investment management company’s stock valued at $359,000 after purchasing an additional 1,661 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Calamos Convertible and High Income Fund by 33.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,697 shares of the investment management company’s stock valued at $370,000 after purchasing an additional 5,707 shares during the period. NewEdge Advisors LLC increased its stake in shares of Calamos Convertible and High Income Fund by 213.0% in the fourth quarter. NewEdge Advisors LLC now owns 44,164 shares of the investment management company’s stock valued at $715,000 after purchasing an additional 30,056 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Calamos Convertible and High Income Fund by 19.0% in the fourth quarter. Stifel Financial Corp now owns 56,167 shares of the investment management company’s stock valued at $909,000 after purchasing an additional 8,955 shares during the period.

About Calamos Convertible and High Income Fund (Get Rating)

Calamos Convertible and High 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 diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's.

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