Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) declared a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be paid a dividend of 0.06 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Monday, June 15th.
Madison Covered Call & Equity Strategy Fund Stock Performance
NYSE:MCN opened at $5.74 on Friday. The business has a 50 day moving average of $5.87 and a 200 day moving average of $5.94. Madison Covered Call & Equity Strategy Fund has a 1-year low of $5.65 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.
Further Reading
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