Calamos Strategic Total Return Fund (NASDAQ:CSQ) to Issue $0.10 Monthly Dividend

Calamos Strategic Total Return Fund (NASDAQ:CSQ) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.1025 per share by the investment management company on Thursday, March 20th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date is Thursday, March 13th.

Calamos Strategic Total Return Fund Stock Performance

CSQ stock traded up $0.08 during midday trading on Wednesday, reaching $17.12. The company had a trading volume of 298,739 shares, compared to its average volume of 207,944. The stock has a 50 day moving average price of $18.00 and a 200 day moving average price of $17.69. Calamos Strategic Total Return Fund has a fifty-two week low of $15.22 and a fifty-two week high of $18.55.

Insider Activity at Calamos Strategic Total Return Fund

In related news, CFO Thomas E. Herman bought 11,683 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $18.23 per share, for a total transaction of $212,981.09. Following the completion of the purchase, the chief financial officer now owns 11,683 shares of the company’s stock, valued at $212,981.09. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About Calamos Strategic Total Return Fund

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.