Calamos Convertible and High Income Fund (CHY) to Issue Monthly Dividend of $0.10 on July 19th

Calamos Convertible and High Income Fund (NASDAQ:CHY) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Friday, July 12th will be given a dividend of 0.10 per share by the investment management company on Friday, July 19th. This represents a $1.20 annualized dividend and a yield of 10.60%. The ex-dividend date is Friday, July 12th.

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 Up 0.8 %

NASDAQ CHY traded up $0.09 during mid-day trading on Wednesday, hitting $11.32. The stock had a trading volume of 66,321 shares, compared to its average volume of 148,146. The firm’s 50 day moving average is $11.19 and its 200 day moving average is $11.51. Calamos Convertible and High Income Fund has a twelve month low of $10.73 and a twelve month high of $12.16.

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.