Calamos Convertible Opportunities and Income Fund
CHIFinancial Services · Stock · monthly payer
Forward Yield
9.00%
Annual Dividend
$1.14
Payout Ratio
52%
5-Yr Growth
3.5%
Ex-Date
Jun 12, 2026
Frequency
Monthly
Is CHI a good dividend stock?
Yes, with caveatsCalamos Convertible Opportunities and Income Fund (CHI) pays a monthly dividend yielding 9.00% ($1.14/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 (52%)
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
- 9.00%
- Payout Ratio
- 52%
- Annual Dividend
- $1.14
- 5-Yr Avg Growth
- 3.5%
- Ex-Dividend Date
- Jun 12, 2026
- Years of Growth
- 6
- Frequency
- monthly
- Beta
- 1.12
- Market Cap
- $1.0B
- P/E Ratio
- 5.8
- 5-Yr Total Return
- -18%
- 52-Week Range
- $10.00 – $12.90
- Dividend Safety
- B · 70/100
- Ever Cut?
- Yes (2019)
Frequently Asked Questions
CHI Price — Last 12 Months
Daily close
Price Return
1 Year
+18%
3 Years
+11%
5 Years
-18%
52-Week Range
$10.00 – $12.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CHI worth?
Undervaluedlow confidenceOur blended fair-value estimate for Calamos Convertible Opportunities and Income Fund is $15.23 per share, versus a market price of $12.54. That implies 21% of upside — a margin of safety of about 18%.
Fair Value
$15.23
Current Price
$12.54
Upside
+21%
Margin of Safety
18%
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.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 15.5% 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, $2.19 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 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 |
| Jul 14, 2025 | — | $0.0950 | regular |
| Jun 12, 2025 | — | $0.0950 | regular |
| May 13, 2025 | — | $0.0950 | regular |
| Apr 11, 2025 | — | $0.0950 | regular |
Income Calculator
At $1.14 / yr per share
