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Calamos Strategic Total Return Fund (CSQ)

Financial Services | Asset Management | Naperville, United States | NasdaqGM
20.55 USD -0.25 (-1.202%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 20.62 +0.07 (0.341%) ⇧ (July 13, 2026, 5:10 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★★★⯪
Hot Take ↕ | July 11, 2026, 3:47 a.m. EDT

The most compelling aspect of this closed-end fund is its robust income profile, offering a substantial yield supported by a very healthy payout ratio that suggests the distributions are sustainable rather than eroding book value. However, the investment case faces headwinds from a deteriorating revenue trend and a significant valuation premium relative to sales, which complicates the appeal for capital appreciation. While the long-term price trajectory shows a strong recovery over the last decade, the recent annual performance has been flat, indicating a lack of recent momentum. Consequently, the fund appears best suited for income-focused investors who can tolerate the valuation premium and stagnant recent growth, rather than those seeking aggressive capital gains.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_126 ✓0.025678
MSTL_79_1260.028514
MSTL_790.032007
MSTL0.032955
AutoARIMA0.061976
AutoETS0.063137
AutoTheta0.063222

Forecast horizon: 60 days | Selected: MSTL_126

Forecast Reliability
Score 52%
H-stat 0.61
Ljung-Box p 0.000
Jarque-Bera p 0.578
Excess Kurtosis -0.62
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-07-13
Last Dividend Date 2026-06-11
Debt to Equity Ratio 40.538
Revenue per Share 0.491
Market Cap 3,295,595,776
Trailing P/E 3.10
Profit Margins 1347.79%
Website https://fundinvestor.calamos.com/ClosedEndFunds/CEFund.aspx?name=CSQ

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.61% 7.14% 7.29% 7.63%
Dividend History
Date Dividend Yield %
2026-06-12 0.123 0.611940
2026-05-14 0.123 0.600879
2026-04-14 0.123 0.652520
2026-03-13 0.123 0.692568
2026-02-13 0.123 0.653908
2025-12-30 0.123 0.633694
2025-12-12 0.103 0.541251
2025-11-14 0.103 0.554658
2025-10-15 0.103 0.539267
2025-09-15 0.103 0.538985
2025-08-14 0.103 0.557058
2025-07-14 0.103 0.566245
2025-06-12 0.103 0.585560
2025-05-13 0.103 0.600233
2025-04-11 0.103 0.687125
2025-03-13 0.103 0.644959
2025-02-13 0.103 0.562227
2024-12-30 0.103 0.580282
2024-12-13 0.103 0.566557
2024-11-13 0.103 0.570637
2024-10-15 0.103 0.585227
2024-09-13 0.103 0.611639
2024-08-09 0.103 0.642946
2024-07-12 0.103 0.597795
2024-06-14 0.103 0.614192
2024-05-13 0.103 0.643348
2024-04-11 0.103 0.636588
2024-03-13 0.103 0.638562
2024-02-09 0.103 0.654384
2023-12-28 0.103 0.684385
2023-12-11 0.103 0.724332
2023-11-13 0.103 0.763529
2023-10-12 0.103 0.745297
2023-09-11 0.103 0.698305
2023-08-10 0.103 0.688503
2023-07-13 0.103 0.693603
2023-06-09 0.103 0.727401
2023-05-11 0.103 0.759587
2023-04-13 0.103 0.736240
2023-03-13 0.103 0.781487
2023-02-10 0.103 0.706447
2022-12-29 0.103 0.792918
2022-12-09 0.103 0.744758
2022-11-10 0.103 0.746377
2022-10-13 0.103 0.822684
2022-09-12 0.103 0.691739
2022-08-11 0.103 0.661529
2022-07-12 0.103 0.763529
2022-06-10 0.103 0.729462
2022-05-12 0.103 0.756796
2022-04-12 0.103 0.626521
2022-03-11 0.103 0.651899
2022-02-11 0.103 0.591614
2021-12-30 0.103 0.530928
2021-12-13 0.103 0.542677
2021-11-10 0.103 0.536179
2021-10-08 0.103 0.572222
2021-09-13 0.103 0.555855
2021-08-12 0.103 0.550802
2021-07-12 0.103 0.563149
2021-06-11 0.103 0.572540
2021-05-13 0.103 0.622357
2021-04-13 0.103 0.564693
2021-03-11 0.103 0.603751
2021-02-11 0.103 0.620108
2020-12-30 0.093 0.586381
2020-12-11 0.093 0.607843
2020-11-12 0.093 0.654930
2020-10-13 0.093 0.655853
2020-09-11 0.093 0.699774
2020-08-13 0.093 0.672938
2020-07-10 0.093 0.722611
2020-06-11 0.093 0.772425
2020-05-12 0.093 0.838593
2020-04-13 0.093 0.889952
2020-03-12 0.093 0.997854
2020-02-13 0.093 0.650805
2019-12-30 0.083 0.614815
2019-12-12 0.083 0.624060
2019-11-08 0.083 0.626415
2019-10-11 0.083 0.659253
2019-09-13 0.083 0.640927
2019-08-09 0.083 0.658208
2019-07-11 0.083 0.636992
2019-06-13 0.083 0.666667
2019-05-10 0.083 0.661882
2019-04-11 0.083 0.653543
2019-03-11 0.083 0.683690
2019-02-11 0.083 0.692821
2018-12-28 0.083 0.798845
2018-12-13 0.083 0.737778
2018-11-09 0.083 0.669355
2018-10-11 0.083 0.691667
2018-09-14 0.083 0.625000
2018-08-10 0.083 0.630699
2018-07-12 0.083 0.637481
2018-06-11 0.083 0.642912
2018-05-11 0.083 0.680328
2018-04-12 0.083 0.699242
2018-03-09 0.083 0.670436
2018-02-09 0.083 0.721112
2017-12-28 0.083 0.686518
2017-12-11 0.083 0.684818
2017-11-09 0.083 0.681445
2017-10-10 0.083 0.676447
2017-09-11 0.083 0.705782
2017-08-08 0.083 0.695142
2017-07-07 0.083 0.707587
2017-06-08 0.083 0.705782
2017-05-08 0.083 0.712446
2017-04-07 0.083 0.741734
2017-03-08 0.083 0.753176
2017-02-08 0.083 0.755920
2016-12-28 0.083 0.803485
2016-12-08 0.083 0.818540
2016-11-07 0.083 0.864583
2016-10-06 0.083 0.809756
2016-09-08 0.083 0.792741
2016-08-08 0.083 0.801932
2016-07-08 0.083 0.820969
2016-06-08 0.083 0.827517
2016-05-09 0.083 0.857438
2016-04-08 0.083 0.884861
2016-03-08 0.083 0.916115
2016-02-08 0.083 0.991637
2015-12-29 0.083 0.832497
2015-12-08 0.083 0.841785
2015-11-06 0.083 0.814524
2015-10-07 0.083 0.859213
2015-09-08 0.083 0.854789
2015-08-07 0.083 0.790476
2015-07-08 0.083 0.770659
2015-06-08 0.083 0.742397
2015-05-08 0.083 0.726795
2015-04-08 0.083 0.739750
2015-03-09 0.083 0.726159
2015-02-06 0.083 0.741734
2014-12-29 0.083 0.716753
2014-12-08 0.083 0.711835
2014-11-06 0.083 0.701014
2014-10-07 0.083 0.713058
2014-09-08 0.083 0.701014
2014-08-08 0.083 0.719861
2014-07-08 0.083 0.695725
2014-06-09 0.083 0.705782
2014-05-08 0.083 0.733216
2014-04-08 0.083 0.757991
2014-03-07 0.070 0.627240
2014-02-07 0.070 0.653595
2013-12-27 0.070 0.636943
2013-12-09 0.070 0.659755
2013-11-07 0.070 0.666032
2013-10-08 0.070 0.711382
2013-09-09 0.070 0.702106
2013-08-08 0.070 0.683594
2013-07-08 0.070 0.693756
2013-06-07 0.070 0.669856
2013-05-08 0.070 0.652377
2013-04-08 0.070 0.676328
2013-03-08 0.070 0.662252
2013-02-08 0.070 0.667939
2012-12-27 0.070 0.710660
2012-12-07 0.070 0.704935
2012-11-08 0.070 0.720906
2012-10-09 0.070 0.682261
2012-09-07 0.070 0.693756
2012-08-08 0.070 0.697906
2012-07-09 0.070 0.726141
2012-06-08 0.070 0.771775
2012-05-08 0.070 0.729167
2012-04-09 0.070 0.732984
2012-03-08 0.070 0.718686
2012-02-08 0.070 0.747065
2011-12-28 0.053 0.638554
2011-12-08 0.053 0.639324
2011-11-08 0.053 0.607102
2011-10-06 0.053 0.662500
2011-09-08 0.053 0.622797
2011-08-08 0.053 0.676020
2011-07-08 0.053 0.548654
2011-06-08 0.053 0.566845
2011-05-09 0.053 0.545267
2011-04-08 0.053 0.544148
2011-03-08 0.053 0.550936
2011-02-08 0.053 0.552083
2010-12-29 0.053 0.577342
2010-12-03 0.053 0.578603
2010-11-08 0.053 0.572973
2010-10-07 0.053 0.594837
2010-09-08 0.053 0.624264
2010-08-06 0.053 0.622066
2010-07-08 0.053 0.676884
2010-06-08 0.053 0.668348
2010-05-10 0.053 0.614137
2010-04-09 0.053 0.576087
2010-03-09 0.053 0.590200
2010-02-05 0.053 0.642424
2009-12-29 0.053 0.607798
2009-12-03 0.053 0.614849
2009-11-06 0.053 0.643204
2009-10-07 0.063 0.730012
2009-09-08 0.063 0.775862
2009-08-06 0.063 0.792453
2009-07-08 0.063 0.918367
2009-06-08 0.075 1.000000
2009-05-07 0.075 1.086957
2009-04-08 0.075 1.271186
2009-03-09 0.075 1.748252
2009-02-06 0.075 1.145038
2008-12-29 0.075 1.282051
2008-12-04 0.075 1.536885
2008-11-10 0.075 1.196172
2008-10-09 0.103 2.019608
2008-09-04 0.103 0.968956
2008-08-07 0.103 0.950184
2008-07-09 0.103 0.942360
2008-06-10 0.103 0.816812
2008-05-08 0.103 0.809748
2008-04-09 0.103 0.851240
2008-03-11 0.103 0.872142
2008-02-07 0.103 0.766940
2007-12-27 0.142 1.014286
2007-12-04 0.103 0.745297
2007-11-07 0.098 0.695035
2007-10-09 0.098 0.666213
2007-09-11 0.098 0.693560
2007-08-09 0.098 0.697013
2007-07-10 0.098 0.643045
2007-06-07 0.098 0.654206
2007-05-09 0.098 0.632666
2007-04-10 0.098 0.641361
2007-03-08 0.098 0.667121
2007-02-08 0.098 0.633075
2006-12-27 0.098 0.628205
2006-12-04 0.098 0.637606
2006-11-09 0.098 0.662610
2006-10-10 0.098 0.667121
2006-09-07 0.098 0.685315
2006-08-09 0.098 0.694051
2006-07-11 0.098 0.699001
2006-06-08 0.098 0.701001
2006-05-09 0.098 0.697013
2006-04-11 0.098 0.706561
2006-03-09 0.098 0.697013
2006-02-09 0.098 0.703518
2005-12-28 0.098 0.727003
2005-12-13 0.088 0.679012
2005-11-14 0.088 0.670732
2005-10-12 0.088 0.657207
2005-09-13 0.088 0.618847
2005-08-11 0.088 0.616678
2005-07-13 0.088 0.618412
2005-06-13 0.088 0.635838
2005-05-11 0.088 0.650888
2005-04-13 0.088 0.662152
2005-03-10 0.075 0.541126
2005-02-10 0.075 0.532292
2004-12-28 0.075 0.540735
2004-12-09 0.075 0.558867
2004-11-10 0.075 0.560119
2004-10-13 0.075 0.551876
2004-09-13 0.075 0.544662
2004-08-12 0.075 0.581846
2004-07-13 0.075 0.574713
2004-06-09 0.075 0.548647
Additional Data
dividendRate 1.38
dividendYield 6.65
exDividendDate 2026-07-14
trailingAnnualDividendRate 0.615
trailingAnnualDividendYield 0.029567309
lastDividendValue 0.123
lastDividendDate 2026-06-12
dividendDate 2019-01-18

Info Dump

Attribute Value
52 Week Change 0.14348543
Address1 2,020 Calamos Court
All Time High 20.86
All Time Low 4.0
Ask 26.43
Ask Size 2
Average Daily Volume10 Day 169,780
Average Daily Volume3 Month 219,263
Average Volume 219,263
Average Volume10Days 169,780
Bid 20.54
Bid Size 2
Book Value 21.722
City Naperville
Compensation As Of Epoch Date 1,388,448,000
Country United States
Crypto Tradeable 0
Currency USD
Current Price 20.55
Current Ratio 10.037
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 20.75
Day Low 20.53
Debt To Equity 40.538
Dividend Date 1,547,769,600
Dividend Rate 1.38
Dividend Yield 6.65
Ebitda Margins 0.0
Eps Trailing Twelve Months 6.62
Esg Populated 0
Ex Dividend Date 1,783,987,200
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 630-245-6835
Fifty Day Average 20.2426
Fifty Day Average Change 0.30739975
Fifty Day Average Change Percent 0.015185785
Fifty Two Week Change Percent 14.348543
Fifty Two Week High 20.86
Fifty Two Week High Change -0.31000137
Fifty Two Week High Change Percent -0.014861044
Fifty Two Week Low 16.41
Fifty Two Week Low Change 4.1399994
Fifty Two Week Low Change Percent 0.25228515
Fifty Two Week Range 16.41 - 20.86
Financial Currency USD
First Trade Date Milliseconds 1,080,829,800,000
Five Year Avg Dividend Yield 7.55
Full Exchange Name NasdaqGM
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 78,758,720
Has Pre Post Market Data 1
Held Percent Insiders 0.00156
Held Percent Institutions 0.57284
Implied Shares Outstanding 160,369,635
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,781,222,400
Last Dividend Value 0.123
Last Fiscal Year End 1,761,868,800
Long Business Summary 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.
Long Name Calamos Strategic Total Return Fund
Market us_market
Market Cap 3,295,595,776
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_8387586
Most Recent Quarter 1,777,507,200
Net Income To Common 1,061,500,096
Next Fiscal Year End 1,793,404,800
Non Diluted Market Cap 3,335,688,408
Open 20.65
Operating Margins 0.3865
Payout Ratio 0.2009
Phone 630-245-7200
Post Market Change 0.0700016
Post Market Change Percent 0.34064043
Post Market Price 20.62
Post Market Time 1,783,977,056
Previous Close 20.8
Price Hint 2
Price To Book 0.94604546
Price To Sales Trailing12 Months 41.8442
Profit Margins 13.47787
Quick Ratio 0.736
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.25
Regular Market Change Percent -1.2019231
Regular Market Day High 20.75
Regular Market Day Low 20.53
Regular Market Day Range 20.53 - 20.75
Regular Market Open 20.65
Regular Market Previous Close 20.8
Regular Market Price 20.55
Regular Market Time 1,783,972,801
Regular Market Volume 136,700
Return On Assets 0.00445
Return On Equity 0.34714
Revenue Growth -0.028
Revenue Per Share 0.491
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 160,369,635
Shares Percent Shares Out 0.00029999999
Shares Short 43,346
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 11,659
Short Name Calamos Strategic Total Return
Short Percent Of Float 0.0005
Short Ratio 0.19
Source Interval 15
State IL
Symbol CSQ
Total Debt 1,412,167,552
Total Revenue 78,758,720
Tradeable 0
Trailing Annual Dividend Rate 0.615
Trailing Annual Dividend Yield 0.029567309
Trailing Eps 6.62
Trailing P E 3.1042295
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 19.22625
Two Hundred Day Average Change 1.3237495
Two Hundred Day Average Change Percent 0.06885116
Type Disp Equity
Volume 136,700
Website https://fundinvestor.calamos.com/ClosedEndFunds/CEFund.aspx?name=CSQ
Zip 60,563-2787