Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) Stock Analysis

Company Overview

Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) carries a market capitalisation of $245.40M. The company sits in the Financial Services sector, in the Asset Management industry.

CPZ last closed at $12.50 on October 21, 2026. That is −$0.15 (−1.19%) against the previous close. The 52-week range on file runs from $12.31 to $15.76. The latest close sits 1.56% above that 52-week low.

Financial Health

In fiscal 2025, Calamos Long/Short Equity & Dynamic Income Term Trust reported revenue of $19.92M. Against the prior fiscal year total of $53.07M, that is a change of −62.47%. The same year closed with net income of $19.29M. That is −63.21% against the prior fiscal year. Earnings per share on a trailing basis come to 0.07.

Across the 4 fiscal years on file, revenue moves from −$41.93M in 2022 to $19.92M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 178.57. That is 18.9 times the Asset Management median of 9.44. The medians here are taken across 512 Asset Management companies that report the metric.

Daily returns over the trailing 6 years annualize to a volatility of 16.41%. Over the trailing twelve months the total return is −12.71%. Across 5 years the annualized return works out at +0.18%.

Growth & Income

The trailing dividend yield is 13.36%. That is 4.4 percentage points above the Asset Management median yield of 8.91%. The indicated annual rate is $1.68 a share. The ex-dividend date on file is October 14, 2026. Dividends are recorded for 8 calendar years; 2026 shows 8 payments totalling $1.12 a share. The year before, 2025, totalled $1.68 a share.

So far in 2026 the total return is −9.11%. The strongest complete calendar year on file is 2021 at +21.23%; the weakest is 2022 at −13.98%. Of the 6 complete calendar years on file, 4 finished higher.