Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) declared a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.06 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Tuesday, September 15th.
Madison Covered Call & Equity Strategy Fund Stock Performance
Shares of NYSE MCN opened at $5.71 on Wednesday. The stock’s 50-day moving average is $5.61 and its two-hundred day moving average is $5.79. Madison Covered Call & Equity Strategy Fund has a 1-year low of $5.46 and a 1-year high of $6.39.
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.
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