Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ)
Financials · NGM
Price as at 30 Sept 2026, 17:16 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Calamos Long/Short Equity & Dynamic Income Term Trust trades at $12.58, which is 58% above the $5.28 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 5 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 62.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
CPZ dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.12 | 8 |
| 2025 | $1.68 | 12 |
| 2024 | $1.88 | 12 |
| 2023 | $1.68 | 12 |
| 2022 | $1.68 | 12 |
| 2021 | $1.63 | 12 |
| 2020 | $1.34 | 12 |
| 2019 | $0.042 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
CPZ passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
CPZ peers
The largest companies in the same industry (Asset Management), then in the same sector.
- KKR KKR & Co. Inc.
- APO Apollo Global Management, Inc.
- ARES Ares Management Corporation
- CG The Carlyle Group Inc.
- BEN Franklin Templeton Inc.
- BAMGF Brookfield Corporation
- OWL Blue Owl Capital Inc.
- PS Pershing Square Inc.
Every financials company we cover is on the Financials hub.
Common questions
Is Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) undervalued?
Against our fair value estimate of $5.28, CPZ at $12.58 is 58% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
What is CPZ's P/E ratio?
CPZ trades at 62.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) pay a dividend?
Yes. Calamos Long/Short Equity & Dynamic Income Term Trust yields 12.80% at the current share price. It has paid $1.68 per share over the trailing twelve months. It has paid a dividend in each of the last 7 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its CPZ data?
Fundamentals for CPZ come from company filings and exchange data, as listed on NGM; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 17:16 UTC and is delayed. Our data quality score for this company is 54/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for CPZ, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.