Calamos Dynamic Convertible & Income Fund Common Stock (CCD)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business. This is a closed-end fund, not an operating company, and it invests in convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, floating rate securities, and derivatives. A durable moat is not evident; results depend on Calamos Advisors and credit/equity markets. At the 2026-10-13 close of $24.05, the supplied FairStock calculation shows a P/E of 2.85 on EPS of $8.45. The Graham Number is $64.38, implying a 62.64% margin of safety, and the dividend yield is 9.73%. Those numbers look cheap and income-rich. But financial health signals are poor: Piotroski F-Score 1/9 and Altman Z-Score 1.47. The FairStock Score is 45/100. Revenue growth, profit growth, ROE, ROCE, D/E, and beta are unavailable. Only 0 years of filed annual results means no Lynch category and no multi-year growth track record. The 52-week range of $19.99-$26.99 shows the market has moved around. I cannot treat the low headline P/E as a stable earnings yield for a fund; portfolio gains and distributions can distort it. The price looks statistically cheap, but quality and consistency are unproven. I would need filed results and evidence that distributions are supported before trusting the yield.

In plain English: This is a closed-end fund that invests in convertible bonds, loans and other income securities. Its reported profit per share is high compared with the $24.05 stock price, and it pays a high dividend, but some risk scores are weak and there is little filed history. Based on the numbers given, the price looks cheap, though closed-end funds can be complicated.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer