Calamos Convertible: Dividend Insights
Portfolio Pulse from Benzinga Insights
Calamos Convertible (NASDAQ:CHY) announced a monthly dividend of 10 cents per share. Friday marks the last chance for investors to receive the dividend, with the ex-dividend date set for Monday. The stock is expected to open 10 cents lower on Monday to reflect the payout. Shareholders owning CHY by the end of Friday are eligible for the dividend, which will be paid on December 18, 2023.
December 06, 2023 | 2:45 pm
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Calamos Convertible (CHY) will pay a 10 cents monthly dividend, with the ex-dividend date on Monday. The stock is likely to open lower by the dividend amount.
The stock price of CHY is expected to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is accounted for in the stock price. This is a short-term impact and is typically priced in immediately on the ex-dividend date.
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