Monthly Dividend Announcements
Five Investment Funds Announce Monthly Dividends With Yields Reaching Up to 9.6%
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Key Points
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The announced dividends have notably different indicated annualized yields: 7.8% for Calamos Strategic Total Return Fund, 9.2% for Calamos Convertible Opportunities and Income Fund, 9.6% for Calamos Convertible and High Income Fund, 8.2% for Calamos Global Total Return Fund and 3.1% for U.S. Global Investors.
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September 14 is both the record date and ex-dividend date for all five announcements, meaning investors generally must own the shares before that date to qualify for the distributions.
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Calamos Global Total Return Fund uses a globally diversified, flexible multi-asset strategy that combines common stocks, convertible securities and high-yield corporate bonds, and is managed by Calamos Advisors LLC.
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Calamos Convertible and High Income Fund's portfolio can include investment-grade and below-investment-grade convertible bonds, convertible preferred stocks, senior loans and high-yield bonds across multiple industries.
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U.S. Global Investors said its dividend has increased by an average of 0.2% annually over the past three years; the firm also offers mutual funds, closed-end funds, ETFs and separately managed accounts in addition to its natural-resource and global-equity strategies.
Five investment funds announced monthly dividend payments for shareholders of record on September 14, with payouts ranging from $0.0075 to $0.135 per share. Watchlist News and Ticker Report reported that Calamos Strategic Total Return Fund will pay the highest per-share amount at $0.135 on September 21, while annualized yields across the five funds span from 3.1% to 9.6%. Investors must own shares before September 14 to qualify for these distributions.
Calamos Funds Lead With Aggressive Yields
Calamos announced four separate dividend payments totaling significant income for shareholders. Calamos Convertible and High Income Fund offers the highest annualized yield at 9.6% with a $0.10 per-share payment. Calamos Convertible Opportunities and Income Fund yields 9.2% at $0.095 per share. Watchlist News noted that Calamos Strategic Total Return Fund pays $0.135 per share for a 7.8% yield, while Calamos Global Total Return Fund pays $0.09 for 8.2%.
How These Funds Build Income for Investors
Calamos funds invest in convertible securities, high-yield corporate bonds, and equities to generate consistent income. Calamos Global Total Return Fund uses a globally diversified strategy combining common stocks, convertible securities, and high-yield bonds. Ticker Report noted that Calamos Convertible and High Income Fund can hold both investment-grade and below-investment-grade bonds, convertible preferred stocks, and senior loans across multiple industries.
U.S. Global Investors Focuses on Natural Resources
U.S. Global Investors announced a smaller $0.0075-per-share dividend payable September 28, offering a 3.1% annualized yield. The firm focuses on natural resources and global equities rather than convertible bonds. Watchlist News reported that U.S. Global Investors has grown its dividend by an average of 0.2% annually over three years. The company also manages mutual funds, closed-end funds, and ETFs alongside its specialty strategies.
Key Dates for Dividend-Seeking Investors
September 14 serves as both the record date and ex-dividend date for all five announcements. Ticker Report explained that investors must own shares before this date to receive the dividends. Calamos funds pay out on September 21, while U.S. Global Investors distributes on September 28. These monthly distributions appeal to income-focused investors seeking steady cash flow from their portfolios.
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