Calamos Global Dynamic Income Fund’s (CHW) Buy Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Calamos Global Dynamic Income Fund (NASDAQ:CHW) in a research note released on Thursday. The brokerage currently has a $14.50 price objective on the investment management company’s stock.

Calamos Global Dynamic Income Fund (NASDAQ CHW) traded down $0.03 during midday trading on Thursday, hitting $9.10. 186,600 shares of the stock were exchanged, compared to its average volume of 281,450. Calamos Global Dynamic Income Fund has a 1-year low of $6.93 and a 1-year high of $9.35.

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The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, November 10th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date of this dividend is Thursday, November 9th.

Large investors have recently modified their holdings of the stock. Eqis Capital Management Inc. bought a new stake in Calamos Global Dynamic Income Fund in the third quarter worth $112,000. Doliver Capital Advisors LP bought a new stake in Calamos Global Dynamic Income Fund in the second quarter worth $116,000. D.A. Davidson & CO. boosted its holdings in Calamos Global Dynamic Income Fund by 602.3% during the second quarter. D.A. Davidson & CO. now owns 14,116 shares of the investment management company’s stock valued at $120,000 after acquiring an additional 12,106 shares during the period. Sigma Planning Corp bought a new stake in Calamos Global Dynamic Income Fund during the second quarter valued at about $132,000. Finally, Wedbush Securities Inc. boosted its holdings in Calamos Global Dynamic Income Fund by 15.8% during the second quarter. Wedbush Securities Inc. now owns 18,776 shares of the investment management company’s stock valued at $160,000 after acquiring an additional 2,561 shares during the period.

Calamos Global Dynamic Income Fund Company Profile

Calamos Global Dynamic Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment strategy is to generate a high level of current income with a secondary objective of capital appreciation. The Fund, under normal circumstances, will invest at least 40% of its managed assets in securities of foreign issuers in developed and emerging markets, including debt and equity securities of corporate issuers, and debt securities of government issuers.

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