This stock yields 7.07% and pays monthly. It's selling at a -6.4% discount to NAV - much deeper than its three- and five-year average discounts. Net assets rose 25% in its latest fiscal year, ending 10/31/20. This stock's main focus is on investing in convertible bonds, which comprised 84.8% of its portfolio, as of 11/30/20, followed by non-convertible corporate bonds, at 9.2%.
We began writing about the Calamos Dynamic Convertible And Income Fund (CCD) in July 2020. It has had quite ride since then, gaining 30% in price, and earning a total return of 34%, vs. 16.5% for the S&P. CCD is a CEF which "can invest in convertibles and other fixed income securities with the aim of generating a high level of total return through a combination of capital appreciation and income. To help generate income and attempt to achieve a more favorable reward/risk profile, the fund's investment team also has the flexibility to sell options." (CCD site)
Source: Seeking Alpha
Related Articles:
7% Yield, -6% Discount, Monthly Payouts
Posted by D4L | Thursday, January 28, 2021 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
The fact is that there are many interesting high-yielding companies that have good long-term prospects. Besides, as the markets get more vol...
-
A common measure of dividend sustainability is the payout ratio, the percent of earnings that are paid out to shareholders. Unfortunately, e...
-
Part of the joy of investing is seeing your good investments continue to grow, years after your initial purchase. Aside from the financial s...
-
Good income investments often come with strong dividend yields, delivering income that's higher than an investor could find at a bank or...
-
A lot changes when you shift from working to retirement, including how you invest. Most investors switch from building a nest egg to living ...
-
Last month we wrote about the top four companies in our model portfolio in the article 4 Dividend Dominators for 2021 - Companies With More ...
-
Both of the listed stocks are often discussed on the Reddit page, and for very different reasons. The former pays a frequent special dividen...
-
Interest rates remain very low and given the ongoing economic impact from COVID-19, they will likely stay very low. This low-rate environmen...
-
When it comes to dividend stocks, investors can fall into the trap of focusing on dividend yield over all else. That can be a dangerous stra...
-
Safety and tranquility are both important aspects of investing for retirement. Yes, we want stocks with meaningful upside. We also -- howeve...

0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.