Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Announces Monthly Dividend of $0.06

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) declared a monthly dividend on Thursday, April 30th. Investors of record on Friday, May 15th will be given a dividend of 0.06 per share by the investment management company on Monday, June 1st. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Friday, May 15th.

Madison Covered Call & Equity Strategy Fund Stock Down 0.3%

Madison Covered Call & Equity Strategy Fund stock traded down $0.02 during mid-day trading on Wednesday, hitting $5.89. The company’s stock had a trading volume of 3,990 shares, compared to its average volume of 68,076. Madison Covered Call & Equity Strategy Fund has a 52-week low of $5.65 and a 52-week high of $6.39. The firm’s 50 day moving average is $5.90 and its 200 day moving average is $5.96.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Madison Covered Call & Equity Strategy Fund during the 4th quarter valued at $37,000. International Assets Investment Management LLC purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund during the fourth quarter worth $43,000. Bank of America Corp DE purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund during the second quarter worth $48,000. Jane Street Group LLC acquired a new stake in Madison Covered Call & Equity Strategy Fund during the fourth quarter valued at $67,000. Finally, Susquehanna International Group LLP acquired a new position in Madison Covered Call & Equity Strategy Fund in the 3rd quarter worth about $87,000.

About Madison Covered Call & Equity Strategy Fund

Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a closed-end management investment company designed to provide investors with total return through a blend of current income and capital appreciation. Listed on the New York Stock Exchange, the Fund pursues its objective by investing primarily in equity securities of U.S. companies and employing an options overlay to enhance income generation.

The Fund’s investment approach centers on fundamental analysis to identify large- and mid-cap stocks with attractive risk/return profiles.