This 8.9% Dividend Soared 178% (and It's STILL Cheap)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 06 2024
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Source: NASDAQ.COM
- Perverse Desire to Paint Economy Negatively: There is a trend to exaggerate economic issues post-pandemic, with concerns about recession and inflation leading to a doom-and-gloom narrative.
- Data-Driven Investment Approach: CEF Insider emphasizes data-driven investment strategies that have proven profitable despite negative economic outlooks.
- Strong Employment Rates in the US: The US has a historically low 3.9% unemployment rate, contradicting recession fears, especially with blue-collar workers seeing increased hiring.
- Investment Opportunities in CEFs: Closed-end funds (CEFs) offer high income streams averaging 8.3%, with discounts to net asset value providing attractive yields for investors.
- AI Funds Offering High Dividends: AI-focused CEFs present investment opportunities with average 8.1% dividends, allowing investors to access AI stocks at discounted prices.
Analyst Views on CHI
Wall Street analysts forecast CHI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 11.040
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Current: 11.040
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About CHI
Calamos Convertible Opportunities and Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund may invest in a diversified portfolio of convertible securities and high-yield bonds. The Fund may also invest in synthetic convertible instruments created by third parties, typically investment banks. The Fund holds investments in a range of sectors, such as information technology, communication services, healthcare, financials, energy, industrials, utilities, materials, real estate, consumer staples and other. Calamos Advisors LLC is an investment advisor of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
