Calamos Convertible and High Income Fund About To Put More Money In Your Pocket (CHY)

Looking at the universe of stocks we cover at Dividend Channel, on 5/8/15, Calamos Convertible and High Income Fund ( CHY) will trade ex-dividend, for its monthly dividend of $0.10, payable on 5/15/15. As a percentage of CHY's recent stock price of $14.23, this dividend works out to approximately 0.70%, so look for shares of Calamos Convertible and High Income Fund to trade 0.70% lower — all else being equal — when CHY shares open for trading on 5/8/15.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for CHY, showing historical dividends prior to the most recent $0.10 declared by Calamos Convertible and High Income Fund:

CHY+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CHY is likely to continue, and whether the current estimated yield of 8.43% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CHY shares, versus its 200 day moving average:

Calamos Convertible and High Income Fund 200 Day Moving Average Chart

Looking at the chart above, CHY's low point in its 52 week range is $12.51 per share, with $16.60 as the 52 week high point — that compares with a last trade of $14.23.

In Wednesday trading, Calamos Convertible and High Income Fund shares are currently down about 0.3% on the day.

If you liked this article you might like

Hospital Operators Sink Amid Healthcare Confusion--But HCA Stays Ready for More Deals

Quorum Shares Plunge After Missing First Quarter Guidance

3 Stocks With Upcoming Ex-Dividend Dates: CIK, CHW, CHY

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: DDF, CHY, AGR

3 Stocks With Upcoming Ex-Dividend Dates: LGI, CHY, GBCI