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 Wednesday, December 18th,Wall Street Journal reports. Stockholders 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 dividend 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% annually over the last three years.

Calamos Convertible and High Income Fund Stock Performance

CHY stock traded up $0.14 during mid-day trading on Friday, reaching $12.14. 195,401 shares of the company’s stock were exchanged, compared to its average volume of 148,252. Calamos Convertible and High Income Fund has a 12-month low of $10.77 and a 12-month high of $12.59. The stock’s 50 day moving average is $12.16 and its 200 day moving average is $11.72.

About Calamos Convertible and High Income Fund

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.