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

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 paid a dividend of 0.14 per share on Thursday, March 20th. This represents a $1.68 annualized dividend 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 by an average of 4.8% annually over the last three years.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Performance

Shares of CPZ traded down $0.06 during trading hours on Wednesday, hitting $15.52. The stock had a trading volume of 50,326 shares, compared to its average volume of 72,621. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1-year low of $14.67 and a 1-year high of $16.03. The firm has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $15.47.

Insider Transactions at Calamos Long/Short Equity & Dynamic Income Term Trust

In other Calamos Long/Short Equity & Dynamic Income Term Trust news, CFO Thomas E. Herman sold 13,392 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total transaction of $208,647.36. Following the transaction, the chief financial officer now directly owns 13,391 shares in the company, valued at approximately $208,631.78. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of 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 grew its position 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 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 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 reporting period.

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.