Calamos Global Dynamic Income Fund (NASDAQ:CHW) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Tuesday, December 12th will be paid a dividend of 0.07 per share by the investment management company on Friday, December 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date is Monday, December 11th.
Shares of Calamos Global Dynamic Income Fund (NASDAQ CHW) traded down $0.02 during trading hours on Tuesday, hitting $9.09. The stock had a trading volume of 126,300 shares, compared to its average volume of 274,212. Calamos Global Dynamic Income Fund has a 1-year low of $6.95 and a 1-year high of $9.35.
Separately, Canaccord Genuity reiterated a “buy” rating and set a $14.50 target price on shares of Calamos Global Dynamic Income Fund in a report on Thursday, November 9th.
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About Calamos Global Dynamic Income Fund
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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