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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.14 per share on Friday, August 21st. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Friday, August 14th.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Up 0.7%

Shares of CPZ traded up $0.10 during mid-day trading on Tuesday, reaching $13.47. 56,828 shares of the stock traded hands, compared to its average volume of 85,186. The firm has a fifty day moving average price of $12.99 and a 200 day moving average price of $13.78. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1 year low of $12.41 and a 1 year high of $16.82.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ: CPZ) is a closed-end management investment company that seeks to deliver long-term total return through a combination of capital appreciation and current income. The trust pursues this objective by maintaining a diversified portfolio of equity securities with an overlay of dynamic income strategies, including the use of call and put options.

The trust’s core investment approach combines long and short positions in U.S. and foreign equities, allowing portfolio managers to express both positive and negative views on individual securities and sectors.