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, March 3rd, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.14 per share on Thursday, March 20th. This represents a $1.68 annualized dividend and a yield of 10.87%. The ex-dividend date of this dividend is Thursday, March 13th.

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

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Up 1.0 %

NASDAQ CPZ opened at $15.46 on Tuesday. The firm’s fifty day simple moving average is $15.38 and its two-hundred day simple moving average is $15.47. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of $14.67 and a 12-month high of $16.03.

Insiders Place Their Bets

In other Calamos Long/Short Equity & Dynamic Income Term Trust news, CFO Thomas E. Herman sold 13,392 shares of Calamos Long/Short Equity & Dynamic Income Term Trust stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $15.58, for a total value 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. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Calamos Long/Short Equity & Dynamic Income Term Trust

A hedge fund recently raised its stake in Calamos Long/Short Equity & Dynamic Income Term Trust stock. Bank of America Corp DE increased its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 55.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,500 shares of the company’s stock after buying an additional 1,244 shares during the quarter. Bank of America Corp DE’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $52,000 as of its most recent SEC filing.

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.