Calamos Strategic Total Return Fund
CSQFinancial Services · Stock · monthly payer
Forward Yield
7.36%
Annual Dividend
$1.47
Payout Ratio
27%
5-Yr Growth
2.1%
Ex-Date
Jun 12, 2026
Frequency
Monthly
Is CSQ a good dividend stock?
YesCalamos Strategic Total Return Fund (CSQ) pays a monthly dividend yielding 7.36% ($1.47/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Comfortable payout ratio (27%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2010
Key Data
- Dividend Yield
- 7.36%
- Payout Ratio
- 27%
- Annual Dividend
- $1.47
- 5-Yr Avg Growth
- 2.1%
- Ex-Dividend Date
- Jun 12, 2026
- Years of Growth
- 15
- Frequency
- monthly
- Beta
- 1.31
- Market Cap
- $3.2B
- P/E Ratio
- 4.4
- 5-Yr Total Return
- 10%
- 52-Week Range
- $16.41 – $20.82
- Dividend Safety
- A · 86/100
- Ever Cut?
- Yes (2010)
Frequently Asked Questions
CSQ Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+35%
5 Years
+10%
52-Week Range
$16.41 – $20.82
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CSQ worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Calamos Strategic Total Return Fund is $33.39 per share, versus a market price of $19.80. That implies 69% of upside — a margin of safety of about 41%.
Fair Value
$33.39
Current Price
$19.80
Upside
+69%
Margin of Safety
41%
How we get there
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 40.0% annual free-cash-flow growth. We model 2.1% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.9% discount rate (CAPM), 2.1% stage-1 growth, 2.5% terminal growth, $4.51 EPS, $1.47 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CSQ Dividend Safety Score
Very 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 | — | $0.1230 | regular |
| Apr 14, 2026 | — | $0.1230 | regular |
| Mar 13, 2026 | — | $0.1230 | regular |
| Feb 13, 2026 | — | $0.1230 | regular |
| Dec 30, 2025 | — | $0.1230 | regular |
| Dec 12, 2025 | — | $0.1030 | regular |
| Nov 14, 2025 | — | $0.1030 | regular |
| Oct 15, 2025 | — | $0.1030 | regular |
| Sep 15, 2025 | — | $0.1030 | regular |
| Aug 14, 2025 | — | $0.1030 | regular |
| Jul 14, 2025 | — | $0.1030 | regular |
| Jun 12, 2025 | — | $0.1030 | regular |
| May 13, 2025 | — | $0.1030 | regular |
| Apr 11, 2025 | — | $0.1030 | regular |
Income Calculator
At $1.47 / yr per share
