# Calamos Dynamic Convertible & Income Fund (CCD) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $24.45, market value $700 million.

## Valuation
- **P/E (trailing): 2.8×** (5-yr avg 4.6×, 3-yr avg 4.6×). Calamos Dynamic Convertible & Income Fund trades at 2.8× trailing earnings, well below its own five-year average of 4.6×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 5.2×**. Each dollar of revenue is priced at 5.2×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 9.1%** (5-yr avg 14.5%). Free cash flow equals 9.1% of the market value, below its five-year average of 14.5%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 35.5%**. The inverse of the P/E: 35.5% of the price is earned each year.

## Profitability
- **Net margin: 99.6%**. 99.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 21.9%**. 21.9% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 14.9%**. Each dollar of assets produces 14.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 16.0%**. Revenue grew 16.0% over the last year.
- **Free-cash-flow growth (3 yr): -0.4%/yr**. Free cash flow has compounded at -0.4% a year over three years.

## Dividends
- **Dividend yield: 9.57%** ($2.34 per share, trailing). Calamos Dynamic Convertible & Income Fund yields 9.57%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 43%** (90% of free cash flow). 43% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 11**. 11 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 3.1%/yr** (1-yr 0.0%). The dividend has grown 3.1% a year over five years.
- **Shareholder yield: 7.2%**. Dividends plus net buybacks return 7.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): 29.8%** (YTD 23.1%, 3-mo -0.7%). The shares are up 29.8% over twelve months including dividends.
- **From 52-week high: -9.4%** (22.3% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 1.10** (volatility 20%). Beta of 1.10 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CCD · Page: https://foliofundamentals.com/stocks/ccd

Not investment advice.