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Understanding Calamos Dynamic Converti's Ex-Dividend Date

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Calamos Dynamic Converti (NASDAQ:CCD) declared a dividend payable on December 18, 2020 to its shareholders as of December 1, 2020. It was also announced that shareholders of Calamos Dynamic Converti's stock as of December 14, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Calamos Dynamic Converti has an ex-dividend date planned for December 11, 2020. The company's current dividend payout sits at $0.17. That equates to a dividend yield of 7.41% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Calamos Dynamic Converti's Dividend History

Over the past year, Calamos Dynamic Converti has seen its dividend payouts remain the same and its yields trend downward. Last year on August 13, 2020 the company's payout sat at $0.17, which has returned to its value today. Calamos Dynamic Converti's dividend yield last year was 8.89%, which has since decreased by 1.48%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted-In: Dividends