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

Calamos Convertible and High Income Fund (NASDAQ:CHY) declared a monthly dividend on Tuesday, September 3rd, 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 10.37%. The ex-dividend date is Friday, September 13th.

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

Calamos Convertible and High Income Fund Stock Up 0.4 %

NASDAQ:CHY traded up $0.05 during midday trading on Thursday, hitting $11.57. The stock had a trading volume of 110,037 shares, compared to its average volume of 148,782. The stock has a 50-day moving average of $11.38 and a 200 day moving average of $11.43. Calamos Convertible and High Income Fund has a one year low of $10.73 and a one year 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.