Calamos Global Total Return Fund
CGOFinancial Services · Stock · monthly payer
Forward Yield
8.38%
Annual Dividend
$1.08
Payout Ratio
21%
5-Yr Growth
-4.4%
Ex-Date
Sep 14, 2026
Frequency
Monthly
Summary
As of September 2026, Calamos Global Total Return Fund (CGO) yields 8.38% ($1.08 per share annually), with a blended fair-value estimate of $16.58 — +29% upside, so it screens as undervalued. Dividend safety grade: B (66/100).
Is CGO a good dividend stock?
Yes, with caveatsCalamos Global Total Return Fund (CGO) pays a monthly dividend yielding 8.38% ($1.08/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (21%)
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.38%
- Payout Ratio
- 21%
- Annual Dividend
- $1.08
- 5-Yr Avg Growth
- -4.4%
- Ex-Dividend Date
- Sep 14, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 1.12
- Market Cap
- $125.1M
- P/E Ratio
- 2.8
- 5-Yr Total Return
- -19%
- 52-Week Range
- $10.71 – $14.20
- Dividend Safety
- B · 66/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CGO Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+58%
5 Years
-19%
52-Week Range
$10.71 – $14.20
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CGO worth?
Undervaluedlow confidenceOur blended fair-value estimate for Calamos Global Total Return Fund is $16.58 per share, versus a market price of $12.86. That implies 29% of upside — a margin of safety of about 22%.
Fair Value
$16.58
Current Price
$12.86
Upside
+29%
Margin of Safety
22%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 0.4% annual free-cash-flow growth. We model -4.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.9% discount rate (CAPM), -4.4% stage-1 growth, 2.5% terminal growth, $4.47 EPS, $1.08 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CGO Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full CGO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 14, 2026 | — | $0.0900 | regular |
| Aug 14, 2026 | — | $0.0900 | regular |
| Jul 14, 2026 | — | $0.0900 | regular |
| Jun 12, 2026 | — | $0.0800 | regular |
| May 14, 2026 | — | $0.0800 | regular |
| Apr 14, 2026 | — | $0.0800 | regular |
| Mar 13, 2026 | — | $0.0800 | regular |
| Feb 13, 2026 | — | $0.0800 | regular |
| Dec 30, 2025 | — | $0.0800 | regular |
| Dec 12, 2025 | — | $0.0800 | regular |
| Nov 14, 2025 | — | $0.0800 | regular |
| Oct 15, 2025 | — | $0.0800 | regular |
| Sep 15, 2025 | — | $0.0800 | regular |
| Aug 14, 2025 | — | $0.0800 | regular |
Income Calculator
At $1.08 / yr per share
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