CALAMOS CONVERTIBLE's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
CALAMOS CONVERTIBLE (NASDAQ:CHI) announced a monthly dividend of 9.5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on January 11, 2024. The stock is expected to open 9.5 cents lower on the ex-dividend date.
December 25, 2023 | 2:45 pm
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CALAMOS CONVERTIBLE (CHI) will pay a monthly dividend of 9.5 cents per share, with the ex-dividend date on Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock is likely to open lower on the ex-dividend date as the dividend amount is subtracted from the stock's price, reflecting the payout. This is a common occurrence and is typically priced into the stock.
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