Calamos Convertible Opportunities and Income Fund
CHIFinancial Services · Stock · monthly payer
Forward Yield
9.46%
Annual Dividend
$1.14
Payout Ratio
29%
5-Yr Growth
3.5%
Ex-Date
Sep 14, 2026
Frequency
Monthly
Summary
As of September 2026, Calamos Convertible Opportunities and Income Fund (CHI) yields 9.46% ($1.14 per share annually), with a blended fair-value estimate of $10.00 — -18% downside, so it screens as overvalued. Dividend safety grade: B (74/100).
Is CHI a good dividend stock?
Yes, with caveatsCalamos Convertible Opportunities and Income Fund (CHI) pays a monthly dividend yielding 9.46% ($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 (29%)
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
- 9.46%
- Payout Ratio
- 29%
- Annual Dividend
- $1.14
- 5-Yr Avg Growth
- 3.5%
- Ex-Dividend Date
- Sep 14, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 1.11
- Market Cap
- $961.8M
- P/E Ratio
- 3.1
- 5-Yr Total Return
- -23%
- 52-Week Range
- $10.26 – $13.50
- Dividend Safety
- B · 74/100
- Ever Cut?
- Yes (2019)
Frequently Asked Questions
CHI Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+21%
5 Years
-23%
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?
Overvaluedmedium confidenceOur blended fair-value estimate for Calamos Convertible Opportunities and Income Fund is $10.00 per share, versus a market price of $12.13. That implies 18% of downside.
Fair Value
$10.00
Current Price
$12.13
Downside
-18%
Margin of Safety
-21%
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.
At today's price, the market is pricing in about 14.9% annual free-cash-flow growth. We model 3.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.9% discount rate (CAPM), 3.5% stage-1 growth, 2.5% terminal growth, $3.89 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 |
|---|---|---|---|
| Sep 14, 2026 | — | $0.0950 | regular |
| Aug 14, 2026 | — | $0.0950 | regular |
| Jul 14, 2026 | — | $0.0950 | regular |
| Jun 12, 2026 | — | $0.0950 | regular |
| May 14, 2026 | — | $0.0950 | regular |
| Apr 14, 2026 | — | $0.0950 | regular |
| Mar 13, 2026 | — | $0.0950 | regular |
| Feb 13, 2026 | — | $0.0950 | regular |
| Dec 30, 2025 | — | $0.0950 | regular |
| Dec 12, 2025 | — | $0.0950 | regular |
| Nov 14, 2025 | — | $0.0950 | regular |
| Oct 15, 2025 | — | $0.0950 | regular |
| Sep 15, 2025 | — | $0.0950 | regular |
| Aug 14, 2025 | — | $0.0950 | regular |
Income Calculator
At $1.14 / yr per share
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