Analyzing Calamos L/S Equity's Ex-Dividend Date

Author: Benzinga Insights | July 09, 2021 10:32am

Calamos L/S Equity (NASDAQ:CPZ) declared a dividend payable on July 20, 2021 to its shareholders as of June 15, 2021. It was also announced that shareholders of Calamos L/S Equity's stock as of July 13, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Calamos L/S Equity, whose current dividend payout is $0.14, has an ex-dividend date set at July 12, 2021. The payout equates to a dividend yield of 8.06% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Calamos L/S Equity's Dividend Payouts And Yields

Over the past year, Calamos L/S Equity has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on March 11, 2021 the company's payout was $0.13, which has since grown by $0.01. Calamos L/S Equity's dividend yield last year was 8.52%, which has since decreased by 0.46%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted In: CPZ