Calamos Convertible and High Income Fund (NASDAQ:CHY) to Issue $0.10 Monthly Dividend

Calamos Convertible and High Income Fund (NASDAQ:CHY) announced a monthly dividend on Friday, December 20th,Wall Street Journal reports. Investors of record on Monday, December 30th will be given a dividend of 0.10 per share by the investment management company on Friday, January 10th. This represents a $1.20 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend is Monday, December 30th.

Calamos Convertible and High Income Fund has raised its dividend by an average of 5.6% per year over the last three years.

Calamos Convertible and High Income Fund Stock Performance

CHY stock traded up $0.14 during midday trading on Friday, reaching $12.14. The company had a trading volume of 195,401 shares, compared to its average volume of 148,252. The stock has a 50 day moving average price of $12.16 and a 200 day moving average price of $11.72. Calamos Convertible and High Income Fund has a fifty-two week low of $10.77 and a fifty-two week high of $12.59.

Calamos Convertible and High Income Fund Company Profile

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.