Calamos Convertible: Dividend Insights
Portfolio Pulse from Benzinga Insights
Calamos Convertible (NASDAQ:CHY) announced a monthly dividend of 10 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 10 cents lower to reflect the payout. The dividend will be paid on January 11, 2024, and shareholders as of Wednesday's close are eligible.
December 25, 2023 | 2:45 pm
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Calamos Convertible (CHY) will pay a monthly dividend of 10 cents per share, with the ex-dividend date set for Thursday. The stock is expected to open lower by the dividend amount on that day.
The stock price of CHY is likely to decrease in the short term by the amount of the dividend, as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The impact is direct and the importance is high for dividend investors, but it is a routine event and the price typically adjusts without additional long-term implications.
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