Calamos Asset Management Reports Q4 EPS of $.28 vs. $.24; Raises Dividend by 27%

Calamos Asset Management, Inc. CLMS today reported fourth quarter 2010 results, including revenues of $86.0 million and operating income of $35.7 million. Income before income taxes was $42.2 million for the current quarter. The company's net income of $5.8 million and diluted earnings per share of $0.28 primarily reflects the public ownership interest of 21.7% of the investment management business. The remaining ownership interest of 78.3% is attributed to the Calamos principals. At December 31, 2010, assets under management totaled $35.4 billion. Additionally, the company declared a regular quarterly dividend of 9.5 cents per share, representing an increase of 2.0 cents per share, or 27% from last quarter's dividend. The dividend is payable on March 4, 2011 to shareholders of record on February 18, 2011.