Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) to Issue $0.14 Monthly Dividend

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.14 per share on Thursday, March 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.82%. The ex-dividend date of this dividend is Thursday, March 13th.

Calamos Long/Short Equity & Dynamic Income Term Trust has raised its dividend payment by an average of 4.8% annually over the last three years.

Calamos Long/Short Equity & Dynamic Income Term Trust Price Performance

NASDAQ:CPZ traded down $0.06 during mid-day trading on Wednesday, hitting $15.52. 50,327 shares of the stock traded hands, compared to its average volume of 72,632. The business’s 50-day moving average price is $15.36 and its 200 day moving average price is $15.47. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of $14.67 and a 12-month high of $16.03.

Insider Activity

In other Calamos Long/Short Equity & Dynamic Income Term Trust news, CFO Thomas E. Herman sold 13,392 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total value of $208,647.36. Following the sale, the chief financial officer now owns 13,391 shares of the company’s stock, valued at $208,631.78. This trade represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Calamos Long/Short Equity & Dynamic Income Term Trust stock. Bank of America Corp DE grew its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 55.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,500 shares of the company’s stock after purchasing an additional 1,244 shares during the period. Bank of America Corp DE’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $52,000 at the end of the most recent reporting period.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.