Understanding Calamos Dynamic's Ex-Dividend Date

On March 1, 2021, Calamos Dynamic CCD announced shareholders can expect to receive a dividend payable on March 19, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Calamos Dynamic will be on March 10, 2021. The company's current dividend payout is at $0.2. That equates to a dividend yield of 7.33% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Calamos Dynamic's Dividend Performance

Over the past year, Calamos Dynamic has seen its dividend payouts climb upward and its yields trend downward. Last year on November 12, 2020 the company's payout sat at $0.17, which has since increased by $0.03. Calamos Dynamic's dividend yield last year was 8.97%, which has since decreased by 1.64%.
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.

Click here to find details on Calamos Dynamic's previous dividends.