SmarterDividends
CCD

Calamos Dynamic Convertible and Income Fund

CCD

Financial Services · Asset Management · Stock · monthly payer

$21.96

Undervalued · +67% Add to Portfolio

Forward Yield

10.55%

Annual Dividend

$2.34

Payout Ratio

28%

5-Yr Growth

3.1%

Ex-Date

Oct 14, 2026

Frequency

Monthly

Key facts about CCD's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 30, 2026, Calamos Dynamic Convertible and Income Fund (CCD) has a forward dividend yield of 10.55%, based on an annual dividend of $2.34 per share and a share price of $21.96.
  • As of Oct 30, 2026, CCD's dividend safety grade from SmarterDividends is A (82 out of 100), which rates the dividend as very safe.
  • CCD has never cut its regular dividend in the payment history SmarterDividends has on record.
  • CCD's most recent ex-dividend date was Oct 14, 2026, for a dividend of $0.20 per share.
  • As of Oct 30, 2026, CCD pays out 28% of its trailing 12-month earnings as dividends (its payout ratio).
  • CCD's dividend has grown at an average rate of 3.1% a year over the past five years.
  • As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for CCD is $36.59 per share, 67% above the $21.96 share price, so CCD screens as undervalued.
  • Calamos Dynamic Convertible and Income Fund (CCD) pays its dividend monthly, 12 times a year.
  • Calamos Dynamic Convertible and Income Fund (CCD) has raised its regular dividend 1 time and cut it 0 times across the 137 payments on record since 2015. Its most recent change was a 16.8% increase to $0.195 per share, going ex-dividend on Feb 11, 2021.
Cite this page

SmarterDividends, "CCD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/CCD

Summary

As of Oct 30, 2026, Calamos Dynamic Convertible and Income Fund (CCD) yields 10.55% ($2.34 a year per share) and has a dividend safety grade of A (82/100).

Is CCD a good dividend stock?

Yes

Calamos Dynamic Convertible and Income Fund (CCD) pays a monthly dividend yielding 10.55% ($2.34/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Never cut its dividend on record
  • Comfortable payout ratio (28%)
  • Top-tier dividend safety score

Risks

  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
10.55%
Payout Ratio
28%
Annual Dividend
$2.34
5-Yr Avg Growth
3.1%
Ex-Dividend Date
Oct 14, 2026
Years of Growth
0
Frequency
monthly
Beta
—
Market Cap
$628.5M
P/E Ratio
2.6
5-Yr Total Return
-30%
52-Week Range
$19.99 – $26.99
Dividend Safety
A · 82/100
Ever Cut?
No

CCD dividend raises and cuts

Calamos Dynamic Convertible and Income Fund (CCD) has raised its regular dividend 1 time and cut it 0 times across the 137 payments on record since 2015. Its most recent change was a 16.8% increase to $0.195 per share, going ex-dividend on Feb 11, 2021.

Ex-dateChangeOld → newMove
Feb 11, 2021Raise$0.167 → $0.195+16.8%
Every CCD payment →Download every raise and cut (CSV)
CCD ex-dividend date & scheduleNext ex-date Oct 14, 2026 · full ex-dividend historyView →CCD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CCD a good dividend stock?

Yes. Calamos Dynamic Convertible and Income Fund (CCD) pays a monthly dividend yielding 10.55% ($2.34/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is CCD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CCD's fair value is about $36.59 versus a $21.96 share price — so it looks undervalued (+67% vs. fair value).

Is CCD's dividend safe?

CCD has a dividend-safety grade of A (82/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is CCD's fair value?

Our blended fair-value estimate for CCD is about $36.59 per share, roughly 67% above the current $21.96 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CCD a buy, hold, or sell?

We don't issue formal ratings, but on the data CCD screens as "yes" and undervalued. Calamos Dynamic Convertible and Income Fund (CCD) pays a monthly dividend yielding 10.55% ($2.34/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will CCD cut its dividend?

CCD earns a dividend-safety grade of A (82/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CCD pay a dividend?

Yes. Calamos Dynamic Convertible and Income Fund pays a monthly dividend of about $2.34 per share annually, a forward yield of roughly 10.55%.

What is CCD's dividend yield?

As of Oct 30, 2026, CCD's forward dividend yield is 10.55%, based on a $2.34 annual dividend and a $21.96 share price.

What is CCD's dividend per share?

As of Oct 30, 2026, CCD pays $2.34 per share per year, distributed on a monthly basis.

What is CCD's dividend payout ratio?

As of Oct 30, 2026, CCD's payout ratio is 28% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CCD grown its dividend?

CCD does not currently have a long dividend-growth streak on record.

When is the next CCD ex-dividend date?

As of Oct 30, 2026, CCD's next ex-dividend date hasn't been announced. The most recent was Oct 14, 2026, for $0.20 per share.

Income Calculator

At $2.34 / yr per share

Per payment (monthly)$19.50
Annual$234.00
Monthly avg$19.50

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