Calamos Convertible's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Calamos Convertible (NASDAQ:CHY) announced a monthly dividend of 10 cents per share, going ex-dividend on Wednesday. Shareholders owning CHY by end of Tuesday are eligible for the dividend, payable on March 21, 2024.
March 08, 2024 | 2:46 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 Wednesday. Eligible shareholders must own the stock by the end of Tuesday.
The announcement of a dividend payout typically has a neutral short-term impact on a stock's price. While the ex-dividend date might lead to a slight adjustment in stock price to reflect the dividend payout, this is a regular occurrence for stocks that pay dividends and is usually priced into the stock. Therefore, the impact on CHY's stock price in the short term is expected to be neutral.
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