Calamos Convertible & Hi Income Fund (NASDAQ:CHY) announced a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 14th will be paid a dividend of 0.085 per share by the investment management company on Thursday, December 20th. This represents a $1.02 annualized dividend and a dividend yield of 9.82%. The ex-dividend date is Thursday, December 13th.
Calamos Convertible & Hi Income Fund has increased its dividend payment by an average of 1.3% per year over the last three years.
NASDAQ:CHY opened at $10.39 on Friday. Calamos Convertible & Hi Income Fund has a 12 month low of $10.30 and a 12 month high of $13.73.
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.
See Also: Return on Investment (ROI)
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