Calamos Convertible and High Income Fund (NASDAQ:CHY) Announces Monthly Dividend of $0.10

Calamos Convertible and High Income Fund (NASDAQ:CHY) declared a monthly dividend on Thursday, September 5th, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.10 per share by the investment management company on Wednesday, September 18th. This represents a $1.20 dividend on an annualized basis and a yield of 10.36%. The ex-dividend date of this dividend is Friday, September 13th.

Calamos Convertible and High Income Fund has increased its dividend payment by an average of 5.6% per year over the last three years.

Calamos Convertible and High Income Fund Price Performance

Shares of NASDAQ CHY traded up $0.06 during midday trading on Thursday, reaching $11.58. 108,327 shares of the company traded hands, compared to its average volume of 148,771. The stock has a 50-day moving average price of $11.38 and a 200 day moving average price of $11.43. Calamos Convertible and High Income Fund has a 52 week low of $10.73 and a 52 week 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.