CALAMOS CONVERTIBLE's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
CALAMOS CONVERTIBLE (NASDAQ:CHI) will go ex-dividend on Monday, with shareholders as of Friday's close eligible for a monthly dividend of 9.5 cents per share. The stock is expected to open 9.5 cents lower on Monday to reflect the dividend payout. The dividend will be paid on December 18, 2023.
December 06, 2023 | 2:45 pm
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CALAMOS CONVERTIBLE will pay a 9.5 cents per share dividend on December 18, 2023, and the stock will likely open lower by the dividend amount on the ex-dividend date, Monday.
Stocks typically drop by the amount of the dividend on the ex-dividend date, reflecting the payout. CHI is expected to open lower by the dividend amount, which is a common short-term impact of dividend distributions.
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