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

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) declared a monthly dividend on Monday, March 3rd, 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 dividend on an annualized basis and a dividend yield of 10.82%. The ex-dividend date of this dividend is Thursday, March 13th.

Calamos Long/Short Equity & Dynamic Income Term Trust has increased its dividend by an average of 4.8% annually over the last three years.

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

NASDAQ:CPZ traded down $0.06 during mid-day trading on Wednesday, reaching $15.52. The stock had a trading volume of 50,327 shares, compared to its average volume of 72,632. Calamos Long/Short Equity & Dynamic Income Term Trust has a twelve month low of $14.67 and a twelve month high of $16.03. The business has a 50 day simple moving average of $15.36 and a 200 day simple moving average of $15.47.

Insider Activity

In related news, CFO Thomas E. Herman sold 13,392 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $15.58, for a total value of $208,647.36. Following the completion of the sale, the chief financial officer now owns 13,391 shares in the company, valued at $208,631.78. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors 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 increased its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 55.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,500 shares of the company’s stock after purchasing an additional 1,244 shares during the quarter. Bank of America Corp DE’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $52,000 as of its most recent filing with the SEC.

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.