Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) to Issue Monthly Dividend of $0.14 on February 21st

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.14 per share on Friday, February 21st. This represents a $1.68 annualized dividend and a dividend yield of 10.87%. The ex-dividend date of this dividend is Thursday, February 13th.

Calamos Long/Short Equity & Dynamic Income Term Trust has raised its dividend by an average of 4.8% per year over the last three years.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Performance

NASDAQ CPZ opened at $15.46 on Tuesday. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52-week low of $14.67 and a 52-week high of $16.03. The firm has a 50-day moving average of $15.36 and a 200-day moving average of $15.48.

Insider Activity

In other news, CFO Thomas E. Herman sold 13,392 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $15.58, for a total transaction of $208,647.36. Following the transaction, the chief financial officer now directly owns 13,391 shares of the company’s stock, valued at approximately $208,631.78. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.