SmarterDividends
CHY

Calamos Convertible and High Income Fund

CHY

Financial Services · Stock · monthly payer

Forward Yield

9.06%

Annual Dividend

$1.20

Payout Ratio

51%

5-Yr Growth

3.3%

Ex-Date

Jun 12, 2026

Frequency

Monthly

CHY Dividend Safety Score

70/ 100
Grade B

Safe

Dividend-growth streak6 consecutive years of growth
Cut historyCut its dividend in 2019
Earnings payout coverage51% of earnings paid out
Balance-sheet strengthDebt/equity of 0.50
Yield vs its historyYield in line with its history

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

Is CHY a good dividend stock?

Yes, with caveats

Calamos Convertible and High Income Fund (CHY) pays a monthly dividend yielding 9.06% ($1.20/yr), with 6 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 (51%)

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
9.06%
Payout Ratio
51%
Annual Dividend
$1.20
5-Yr Avg Growth
3.3%
Ex-Dividend Date
Jun 12, 2026
Years of Growth
6
Frequency
monthly
Beta
1.16
Market Cap
$1.1B
P/E Ratio
5.7
5-Yr Total Return
-20%
52-Week Range
$10.41 – $13.45
Dividend Safety
B · 70/100
Ever Cut?
Yes (2019)
CHY ex-dividend date & scheduleNext ex-date Jun 12, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $1.20 / yr per share

Per payment (monthly)$10.00
Annual$120.00
Monthly avg$10.00