Calamos Convertible Opportunities and Income Fund
CHIFinancial Services · Asset Management · Stock · monthly payer
Forward Yield
9.69%
Annual Dividend
$1.14
Payout Ratio
31%
5-Yr Growth
3.5%
Ex-Date
Oct 14, 2026
Frequency
Monthly
Key facts about CHI's dividend
Data as of · Source: SmarterDividends data
- As of Oct 15, 2026, Calamos Convertible Opportunities and Income Fund (CHI) has a forward dividend yield of 9.69%, based on an annual dividend of $1.14 per share and a share price of $11.33.
- As of Oct 15, 2026, CHI's dividend safety grade from SmarterDividends is B (74 out of 100), which rates the dividend as safe.
- CHI last cut its regular dividend in 2019.
- CHI's most recent ex-dividend date was Oct 14, 2026, for a dividend of $0.0950 per share.
- As of Oct 15, 2026, CHI pays out 31% of its trailing 12-month earnings as dividends (its payout ratio).
- CHI's dividend has grown at an average rate of 3.5% a year over the past five years.
- As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for CHI is $16.49 per share, 46% above the $11.33 share price, so CHI screens as undervalued.
- Calamos Convertible Opportunities and Income Fund (CHI) pays its dividend monthly, 12 times a year.
Cite this page
SmarterDividends, "CHI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/CHI
Summary
As of Oct 15, 2026, Calamos Convertible Opportunities and Income Fund (CHI) yields 9.69% ($1.14 a year per share) and has a dividend safety grade of B (74/100).
Is CHI a good dividend stock?
Yes, with caveatsCalamos Convertible Opportunities and Income Fund (CHI) pays a monthly dividend yielding 9.69% ($1.14/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 (31%)
Risks
- Cut its dividend in 2019
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.69%
- Payout Ratio
- 31%
- Annual Dividend
- $1.14
- 5-Yr Avg Growth
- 3.5%
- Ex-Dividend Date
- Oct 14, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 1.14
- Market Cap
- $916.3M
- P/E Ratio
- 3.2
- 5-Yr Total Return
- -24%
- 52-Week Range
- $10.26 – $13.50
- Dividend Safety
- B · 74/100
- Ever Cut?
- Yes (2019)
Frequently Asked Questions
Is CHI a good dividend stock?
Yes, with caveats. Calamos Convertible Opportunities and Income Fund (CHI) pays a monthly dividend yielding 9.69% ($1.14/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.
Is CHI undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CHI's fair value is about $16.49 versus a $11.33 share price — so it looks undervalued (+46% vs. fair value).
Is CHI's dividend safe?
CHI has a dividend-safety grade of B (74/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2019, debt and yield-versus-history.
What is CHI's fair value?
Our blended fair-value estimate for CHI is about $16.49 per share, roughly 46% above the current $11.33 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is CHI a buy, hold, or sell?
We don't issue formal ratings, but on the data CHI screens as "yes, with caveats" and undervalued. Calamos Convertible Opportunities and Income Fund (CHI) pays a monthly dividend yielding 9.69% ($1.14/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. This is research for your own analysis, not investment advice.
Will CHI cut its dividend?
CHI earns a dividend-safety grade of B (74/100), and has cut its dividend before (last in 2019). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does CHI pay a dividend?
Yes. Calamos Convertible Opportunities and Income Fund pays a monthly dividend of about $1.14 per share annually, a forward yield of roughly 9.69%.
What is CHI's dividend yield?
As of Oct 15, 2026, CHI's forward dividend yield is 9.69%, based on a $1.14 annual dividend and a $11.33 share price.
What is CHI's dividend per share?
As of Oct 15, 2026, CHI pays $1.14 per share per year, distributed on a monthly basis.
What is CHI's dividend payout ratio?
As of Oct 15, 2026, CHI's payout ratio is 31% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has CHI grown its dividend?
CHI does not currently have a long dividend-growth streak on record.
When is the next CHI ex-dividend date?
As of Oct 15, 2026, CHI's next ex-dividend date hasn't been announced. The most recent was Oct 14, 2026, for $0.0950 per share.
CHI Price — Last 12 Months
Daily close
Price Return
1 Year
+5%
3 Years
+20%
5 Years
-24%
52-Week Range
$10.26 – $13.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CHI worth?
Undervaluedlow confidenceOur blended fair-value estimate for Calamos Convertible Opportunities and Income Fund is $16.49 per share, versus a market price of $11.33. That implies 46% of upside — a margin of safety of about 31%.
Fair Value
$16.49
Current Price
$11.33
Upside
+46%
Margin of Safety
31%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 10.0% discount rate (CAPM), 3.5% growth for five years fading to 2.5% over the next five, $3.64 EPS, $1.14 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CHI 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 CHI dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 14, 2026 | Oct 21, 2026 | $0.0950 | regular |
| Sep 14, 2026 | Sep 21, 2026 | $0.0950 | regular |
| Aug 14, 2026 | Aug 21, 2026 | $0.0950 | regular |
| Jul 14, 2026 | Jul 21, 2026 | $0.0950 | regular |
| Jun 12, 2026 | Jun 22, 2026 | $0.0950 | regular |
| May 14, 2026 | May 21, 2026 | $0.0950 | regular |
| Apr 14, 2026 | Apr 21, 2026 | $0.0950 | regular |
| Mar 13, 2026 | Mar 20, 2026 | $0.0950 | regular |
| Feb 13, 2026 | Feb 23, 2026 | $0.0950 | regular |
| Dec 30, 2025 | Jan 9, 2026 | $0.0950 | regular |
| Dec 12, 2025 | Dec 19, 2025 | $0.0950 | regular |
| Nov 14, 2025 | Nov 21, 2025 | $0.0950 | regular |
| Oct 15, 2025 | Oct 21, 2025 | $0.0950 | regular |
| Sep 15, 2025 | Sep 22, 2025 | $0.0950 | regular |
Income Calculator
At $1.14 / yr per share
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