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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) declared a monthly dividend on Wednesday, March 5th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.82%. The ex-dividend date 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 Trading Down 0.4 %

Shares of Calamos Long/Short Equity & Dynamic Income Term Trust stock traded down $0.06 during midday trading on Wednesday, hitting $15.52. 50,326 shares of the company traded hands, compared to its average volume of 72,621. The firm’s fifty day moving average price is $15.36 and its 200-day moving average price 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 news, CFO Thomas E. Herman sold 13,392 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total transaction of $208,647.36. Following the sale, the chief financial officer now directly owns 13,391 shares in the company, 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 SEC, which is accessible through the SEC website.

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

An institutional investor recently raised its position in Calamos Long/Short Equity & Dynamic Income Term Trust stock. Bank of America Corp DE boosted its position in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 55.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the company’s stock after buying an additional 1,244 shares during the period. Bank of America Corp DE’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $52,000 at the end of the most recent quarter.

Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile

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.