Calamos Strategic Total Return Fund (CSQ) has reached a new 52-week high, with its stock price climbing to $17.82. This milestone reflects a significant period of growth for the fund, which has seen an impressive 1-year change of 39.11%. Investors have shown increased confidence in the fund's strategic approach to total return, which emphasizes both capital growth and income generation. The fund's performance over the past year, culminating in this week's peak, underscores its strong position in the market and the successful execution of its investment strategy.
InvestingPro Insights
Calamos Strategic Total Return Fund's (CSQ) recent achievement of a new 52-week high is further supported by data from InvestingPro. The fund's market capitalization stands at $2.83 billion, reflecting its substantial presence in the investment landscape. CSQ's impressive performance is underscored by its robust 1-year price total return of 47.17%, outpacing the 39.11% mentioned in the article and demonstrating even stronger growth than initially reported.
InvestingPro Tips highlight CSQ's attractive qualities for income-focused investors. The fund "pays a significant dividend to shareholders" with a current dividend yield of 7.0%, making it an appealing option for those seeking regular income. Moreover, CSQ "has maintained dividend payments for 18 consecutive years," showcasing its commitment to consistent shareholder returns.
The fund's financial health is also noteworthy, with InvestingPro data showing a P/E ratio of 5.79, indicating potential undervaluation relative to its earnings. This aligns with the fund's strong performance and could suggest further room for growth.
For investors interested in a deeper analysis, InvestingPro offers 5 additional tips that could provide valuable insights into CSQ's investment potential and market position.
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