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Calamos Strategic Total Return Fund

Nasdaq:CSQ
Snowflake Description

Average dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CSQ
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The last earnings update was 86 days ago. More info.


Add to Portfolio Compare Print
  • Calamos Strategic Total Return Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CSQ Share Price and Events
7 Day Returns
1.8%
NasdaqGS:CSQ
2.4%
US Capital Markets
1.2%
US Market
1 Year Returns
2.1%
NasdaqGS:CSQ
-11.9%
US Capital Markets
3%
US Market
CSQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Calamos Strategic Total Return Fund (CSQ) 1.8% 2.1% 27.3% 2.1% 31.6% 12.7%
US Capital Markets 2.4% 0.6% 12.7% -11.9% 57% 59.3%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • CSQ outperformed the Capital Markets industry which returned -11.9% over the past year.

CSQ Value

 Is Calamos Strategic Total Return Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Calamos Strategic Total Return Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Calamos Strategic Total Return Fund.

NasdaqGS:CSQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $12.17 * 8%
$0.97
Book Value of Equity per Share Median Book Value from the past 5 years. $12.17
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CSQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (49.65%))
1.009
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.009 * 5.96%)
8.74%

Discounted Cash Flow Calculation for NasdaqGS:CSQ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Calamos Strategic Total Return Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:CSQ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8% – 8.74%) * $12.17)
$-0.10
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.10 / (8.74% - 2.73%)
$-1.60
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $12.17 + $-1.60
$10.57
NasdaqGS:CSQ Discount to Share Price
Calculation Result
Value per share (USD) From above. $10.57
Current discount Discount to share price of $12.42
= -1 x ($12.42 - $10.57) / $10.57
-17.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Calamos Strategic Total Return Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Calamos Strategic Total Return Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Calamos Strategic Total Return Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CSQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $0.47
NasdaqGS:CSQ Share Price ** NasdaqGS (2019-03-20) in USD $12.42
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Calamos Strategic Total Return Fund.

NasdaqGS:CSQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CSQ Share Price ÷ EPS (both in USD)

= 12.42 ÷ 0.47

26.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Calamos Strategic Total Return Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • Calamos Strategic Total Return Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Calamos Strategic Total Return Fund's expected growth come at a high price?
Raw Data
NasdaqGS:CSQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.17x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Calamos Strategic Total Return Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Calamos Strategic Total Return Fund's assets?
Raw Data
NasdaqGS:CSQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $12.25
NasdaqGS:CSQ Share Price * NasdaqGS (2019-03-20) in USD $12.42
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGS:CSQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CSQ Share Price ÷ Book Value per Share (both in USD)

= 12.42 ÷ 12.25

1.01x

* Primary Listing of Calamos Strategic Total Return Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Calamos Strategic Total Return Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Calamos Strategic Total Return Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Calamos Strategic Total Return Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CSQ Future Performance

 How is Calamos Strategic Total Return Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Calamos Strategic Total Return Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Calamos Strategic Total Return Fund expected to grow at an attractive rate?
  • Unable to compare Calamos Strategic Total Return Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Calamos Strategic Total Return Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Calamos Strategic Total Return Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CSQ Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CSQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CSQ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGS:CSQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 80 -18 73
2018-07-31 78 -56 150
2018-04-30 76 -95 226
2018-01-31 78 -21 316
2017-10-31 79 52 405
2017-07-31 79 102 370
2017-04-30 78 153 335
2017-01-31 79 170 202
2016-10-31 80 187 69
2016-07-31 82 192 9
2016-04-30 85 196 -52
2016-01-31 88 179 -14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Calamos Strategic Total Return Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Calamos Strategic Total Return Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CSQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Calamos Strategic Total Return Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CSQ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGS:CSQ Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 0.47
2018-07-31 0.97
2018-04-30 1.46
2018-01-31 2.04
2017-10-31 2.62
2017-07-31 2.40
2017-04-30 2.17
2017-01-31 1.31
2016-10-31 0.45
2016-07-31 0.06
2016-04-30 -0.34
2016-01-31 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Calamos Strategic Total Return Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Calamos Strategic Total Return Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Calamos Strategic Total Return Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CSQ Past Performance

  How has Calamos Strategic Total Return Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Calamos Strategic Total Return Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Calamos Strategic Total Return Fund's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Calamos Strategic Total Return Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Calamos Strategic Total Return Fund's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Calamos Strategic Total Return Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Calamos Strategic Total Return Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CSQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 80.08 73.35 30.77
2018-07-31 77.94 149.51 30.06
2018-04-30 75.80 225.66 29.35
2018-01-31 77.56 315.54 28.33
2017-10-31 79.31 405.42 27.30
2017-07-31 78.77 370.41 26.61
2017-04-30 78.23 335.39 25.92
2017-01-31 79.08 202.39 25.65
2016-10-31 79.93 69.40 25.38
2016-07-31 82.32 8.68 25.85
2016-04-30 84.71 -52.05 26.32
2016-01-31 88.35 -14.13 26.90
2015-10-31 91.98 23.78 27.48
2015-07-31 93.63 85.86 27.60
2015-04-30 95.28 147.95 27.71
2015-01-31 96.30 195.41 27.54
2014-10-31 97.31 242.86 27.37
2014-07-31 96.12 278.94 26.81
2014-04-30 94.93 315.02 26.24
2014-01-31 94.22 323.02 25.40
2013-10-31 93.50 331.03 24.55
2013-07-31 96.81 271.81 23.95
2013-04-30 100.12 212.59 23.34
2013-01-31 99.34 198.91 23.24
2012-10-31 98.55 185.22 23.14
2012-07-31 99.10 78.23 23.05
2012-04-30 99.64 -28.76 22.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Calamos Strategic Total Return Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Calamos Strategic Total Return Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Calamos Strategic Total Return Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Calamos Strategic Total Return Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Calamos Strategic Total Return Fund has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CSQ Health

 How is Calamos Strategic Total Return Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Calamos Strategic Total Return Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Calamos Strategic Total Return Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Calamos Strategic Total Return Fund's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Calamos Strategic Total Return Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Calamos Strategic Total Return Fund Company Filings, last reported 4 months ago.

NasdaqGS:CSQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 1,893.74 952.79
2018-07-31 1,893.74 952.79
2018-04-30 1,953.28 927.58
2018-01-31 1,953.28 927.58
2017-10-31 1,971.91 782.44
2017-07-31 1,971.91 782.44
2017-04-30 1,880.59 682.00 0.04
2017-01-31 1,880.59 682.00 0.04
2016-10-31 1,719.46 682.03
2016-07-31 1,719.46 682.03
2016-04-30 1,698.17 682.23
2016-01-31 1,698.17 682.23
2015-10-31 1,803.03 716.44
2015-07-31 1,803.03 716.44
2015-04-30 1,903.18 725.30
2015-01-31 1,903.18 725.30
2014-10-31 1,932.22 725.10 0.03
2014-07-31 1,932.22 725.10 0.03
2014-04-30 1,908.20 701.03 0.15
2014-01-31 1,908.20 701.03 0.15
2013-10-31 1,832.67 704.25
2013-07-31 1,832.67 704.25
2013-04-30 1,724.91 614.32
2013-01-31 1,724.91 614.32
2012-10-31 1,631.42 586.67
2012-07-31 1,631.42 586.67
2012-04-30 1,642.11 588.80
  • Calamos Strategic Total Return Fund's level of debt (50.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (38.4% vs 50.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Calamos Strategic Total Return Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Calamos Strategic Total Return Fund has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CSQ Dividends

 What is Calamos Strategic Total Return Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.97%
Current annual income from Calamos Strategic Total Return Fund dividends.
If you bought $2,000 of Calamos Strategic Total Return Fund shares you are expected to receive $159 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Calamos Strategic Total Return Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Calamos Strategic Total Return Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CSQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CSQ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGS:CSQ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.990 8.068
2019-02-01 0.990 8.126
2018-12-20 0.990 9.000
2018-12-03 0.990 8.974
2018-11-01 0.990 8.286
2018-10-01 0.990 8.022
2018-09-04 0.990 7.394
2018-08-01 0.990 7.466
2018-07-02 0.990 7.648
2018-06-01 0.990 7.733
2018-05-01 0.990 8.079
2018-04-03 0.990 8.322
2018-03-01 0.990 8.246
2018-02-01 0.990 8.259
2017-12-19 0.990 7.963
2017-12-01 0.990 8.135
2017-10-31 0.990 8.136
2017-09-29 0.990 8.049
2017-09-01 0.990 8.289
2017-07-31 0.990 8.398
2017-06-30 0.990 8.353
2017-06-01 0.990 8.417
2017-04-28 0.990 8.526
2017-03-31 0.990 8.807
2017-02-28 0.990 8.958
2017-01-31 0.990 9.000
2016-12-19 0.990 9.347
2016-12-01 0.990 9.704
2016-10-28 0.990 9.991
2016-09-30 0.990 9.772
2016-09-01 0.990 9.573
2016-07-29 0.990 9.411
2016-07-01 0.990 9.628
2016-05-31 0.990 9.980
2016-04-29 0.990 10.130
2016-04-01 0.990 10.217
2016-02-29 0.990 10.679
2016-01-29 0.990 11.508
2015-12-18 0.990 10.811
2015-11-30 0.990 10.101
2015-10-30 0.990 9.847
2015-09-29 0.990 10.071
2015-08-31 0.990 10.228
2015-07-31 0.990 9.606
2015-06-30 0.990 9.044
2015-05-01 0.990 8.700
2015-04-01 0.990 8.713
2015-02-27 0.990 8.732
2015-01-30 0.990 8.725
2014-12-19 0.990 8.753
2014-11-26 0.990 8.581
2014-10-31 0.990 8.347
2014-09-29 0.990 8.739
2014-08-29 0.990 8.293
2014-08-01 0.990 8.382
2014-06-30 0.990 8.311
2014-05-30 0.990 8.321
2014-05-01 0.990 8.602
2014-03-31 0.990 8.874
2014-02-28 0.840 7.576
2014-01-31 0.840 7.706
2013-12-20 0.840 7.689
2013-11-29 0.840 7.897
2013-11-01 0.840 7.945
2013-09-30 0.840 8.186
2013-08-30 0.840 8.358
2013-08-01 0.840 8.334
2013-06-28 0.840 8.144
2013-05-31 0.840 8.225
2013-04-30 0.840 7.793
2013-03-28 0.840 8.023
2013-03-01 0.840 8.024
2013-02-01 0.840 8.068
2012-12-19 0.840 8.230
2012-11-01 0.840 8.530
2012-10-01 0.840 8.224
2012-08-31 0.840 8.250
2012-07-31 0.840 8.404
2012-06-29 0.840 8.636
2012-06-01 0.840 9.067
2012-04-30 0.840 8.873
2012-03-30 0.840 8.685
2012-03-01 0.840 8.519
2012-01-31 0.840 8.833
2011-12-19 0.630 7.290
2011-12-01 0.630 7.572
2011-10-31 0.630 7.462
2011-09-30 0.630 7.630
2011-09-01 0.630 7.553
2011-07-29 0.630 7.383
2011-07-01 0.630 6.606
2011-06-01 0.630 6.696
2011-05-02 0.630 6.472
2011-04-01 0.630 6.470
2011-03-01 0.630 6.598
2011-02-01 0.630 6.574
2010-12-20 0.630 6.747
2010-12-01 0.630 6.925
2010-11-01 0.630 6.960
2010-10-01 0.630 7.027
2010-09-01 0.630 7.271
2010-08-02 0.630 7.548
2010-07-01 0.630 7.848
2010-06-01 0.630 7.834
2010-05-03 0.630 7.489
2010-04-01 0.630 6.813
2010-03-01 0.630 6.979
2010-02-01 0.630 7.400
2009-12-21 0.630 7.156
2009-11-27 0.630 7.271
2009-11-02 0.630 7.458
2009-10-01 0.750 8.728
2009-09-01 0.750 9.004
2009-08-03 0.750 9.316
2009-07-02 0.750 10.024
2009-06-01 0.900 12.044
2009-05-01 0.900 12.784
2009-04-01 0.900 14.530
2009-03-23 0.900 15.400

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Calamos Strategic Total Return Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Calamos Strategic Total Return Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Calamos Strategic Total Return Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Calamos Strategic Total Return Fund has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CSQ Management

 What is the CEO of Calamos Strategic Total Return Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Calamos Strategic Total Return Fund has no CEO, or we have no data on them.
Management Team

John Calamos

TITLE
President and Trustee
AGE
77

Nimish Bhatt

TITLE
Chief Financial Officer
AGE
54

Mark Mickey

TITLE
Chief Compliance Officer
AGE
66

Curtis Holloway

TITLE
Treasurer
AGE
50

Bob Behan

TITLE
President and Head of Global Distribution
AGE
53

Matt Freund

TITLE
Co-Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Calamos Strategic Total Return Fund board of directors in years:

15.3
Average Tenure
71
Average Age
  • The average tenure for the Calamos Strategic Total Return Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jack Neal

TITLE
COMPENSATION
$15K
AGE
68
TENURE
15.3 yrs

John Calamos

TITLE
President and Trustee
AGE
77
TENURE
15.3 yrs

David Tripple

TITLE
COMPENSATION
$14K
AGE
74
TENURE
13.2 yrs

Stephen Timbers

TITLE
Lead Independent Trustee
COMPENSATION
$17K
AGE
74
TENURE
14.2 yrs

William Rybak

TITLE
COMPENSATION
$13K
AGE
67
TENURE
15.3 yrs

Weston Marsh

TITLE
COMPENSATION
$13K
AGE
67
TENURE
15.3 yrs

Theresa Hamacher

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Calamos Strategic Total Return Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Calamos Strategic Total Return Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CSQ News

Simply Wall St News

CSQ Company Info

Description

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in common and preferred stocks of companies across all market capitalizations, convertible securities, and high yield corporate bonds with an average credit rating of BB as rated by S&P. The fund employs both fundamental and quantitative analysis with a combination of bottom-up and top-down security picking approaches to create its portfolio. Calamos Strategic Total Return Fund was formed on December 31, 2003 and is domiciled in the United States.

Details
Name: Calamos Strategic Total Return Fund
CSQ
Exchange: NasdaqGS
Founded: 2003
$1,919,063,880
154,514,000
Website: http://fundinvestor.calamos.com/ClosedEndFunds/CEFund.aspx?name=CSQ
Address: Calamos Strategic Total Return Fund
2020 Calamos Court,
Naperville,
Illinois, 60563-2787,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CSQ Common Stock Nasdaq Global Select US USD 26. Mar 2004
Number of employees
Current staff
Staff numbers
0
Calamos Strategic Total Return Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:59
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2017/12/28
Last earnings filing: 2018/12/24
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.