Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Plans $0.14 Monthly Dividend

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) declared a monthly dividend on Monday, July 1st, Zacks reports. Shareholders of record on Friday, July 12th will be given a dividend of 0.14 per share on Friday, July 19th. This represents a $1.68 annualized dividend and a yield of 10.95%. The ex-dividend date is Friday, July 12th.

Calamos Long/Short Equity & Dynamic Income Term Trust has raised its dividend payment by an average of 7.8% per year over the last three years.

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

NASDAQ CPZ traded up 0.06 during trading on Wednesday, hitting 15.34. 9,022 shares of the stock traded hands, compared to its average volume of 56,839. The firm has a 50-day simple moving average of 15.42 and a 200-day simple moving average of 15.16. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of 13.17 and a 12-month high of 16.11.

Insider Buying and Selling at Calamos Long/Short Equity & Dynamic Income Term Trust

In related news, CFO Thomas E. Herman bought 16,308 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of 15.55 per share, for a total transaction of 253,589.40. Following the acquisition, the chief financial officer now owns 26,783 shares in the company, valued at 416,475.65. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

About Calamos Long/Short Equity & Dynamic Income Term Trust

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.