Calamos Global Total Return Fund (CGO) Sets New 12-Month High After Dividend Announcement

Calamos Global Total Return Fund (NASDAQ:CGO) reached a new 52-week high during trading on Thursday after the company announced a dividend. The stock traded as high as $14.89 and last traded at $14.57, with a volume of 29500 shares trading hands. The stock had previously closed at $14.37.

The newly announced dividend which will be paid on Thursday, January 4th. Investors of record on Friday, December 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 7.98%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services Inc raised its position in shares of Calamos Global Total Return Fund by 15.8% during the 3rd quarter. Commonwealth Equity Services Inc now owns 126,296 shares of the investment management company’s stock valued at $1,693,000 after purchasing an additional 17,207 shares during the period. Wells Fargo & Company MN raised its position in shares of Calamos Global Total Return Fund by 4.6% during the 3rd quarter. Wells Fargo & Company MN now owns 102,776 shares of the investment management company’s stock valued at $1,379,000 after purchasing an additional 4,489 shares during the period. Finally, Advisor Group Inc. raised its position in shares of Calamos Global Total Return Fund by 19.3% during the 2nd quarter. Advisor Group Inc. now owns 16,330 shares of the investment management company’s stock valued at $215,000 after purchasing an additional 2,643 shares during the period.

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Calamos Global Total Return Fund Company Profile

Calamos Global Total Return Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment strategy is to provide total return through a combination of capital appreciation and current income. The Fund invests in a diversified portfolio of global equities, convertible securities and high-yield securities.

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