Calamos Long/Short Equity & Dynamic Income Term Trust
CPZFinancial Services · Stock · monthly payer
$12.76
Add to PortfolioForward Yield
13.17%
Annual Dividend
$1.68
Payout Ratio
189%
5-Yr Growth
4.9%
Ex-Date
Jun 12, 2026
Frequency
Monthly
CPZ Dividend Safety Score
65/ 100
Grade C
Borderline
Dividend-growth streak5 consecutive years of growth
Cut historyNever cut its dividend on record
Earnings payout coverage189% of earnings paid out
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 CPZ a good dividend stock?
Yes, with caveatsCalamos Long/Short Equity & Dynamic Income Term Trust (CPZ) pays a monthly dividend yielding 13.17% ($1.68/yr), with 6 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (189%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 13.17%
- Payout Ratio
- 189%
- Annual Dividend
- $1.68
- 5-Yr Avg Growth
- 4.9%
- Ex-Dividend Date
- Jun 12, 2026
- Years of Growth
- 6
- Frequency
- monthly
- Beta
- —
- Market Cap
- $250.5M
- P/E Ratio
- 12.9
- 5-Yr Total Return
- -39%
- 52-Week Range
- $12.41 – $16.82
- Dividend Safety
- C · 65/100
- Ever Cut?
- No
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 14, 2026 | — | $0.1400 | regular |
| Apr 14, 2026 | — | $0.1400 | regular |
| Mar 13, 2026 | — | $0.1400 | regular |
| Feb 13, 2026 | — | $0.1400 | regular |
| Dec 30, 2025 | — | $0.1400 | regular |
| Dec 12, 2025 | — | $0.1400 | regular |
| Nov 14, 2025 | — | $0.1400 | regular |
| Oct 15, 2025 | — | $0.1400 | regular |
| Sep 15, 2025 | — | $0.1400 | regular |
| Aug 14, 2025 | — | $0.1400 | regular |
| Jul 14, 2025 | — | $0.1400 | regular |
| Jun 12, 2025 | — | $0.1400 | regular |
| May 13, 2025 | — | $0.1400 | regular |
| Apr 11, 2025 | — | $0.1400 | regular |
Income Calculator
At $1.68 / yr per share
Per payment (monthly)$14.00
Annual$168.00
Monthly avg$14.00
