Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.06 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Wednesday, July 15th.
Madison Covered Call & Equity Strategy Fund Price Performance
NYSE:MCN opened at $5.54 on Thursday. Madison Covered Call & Equity Strategy Fund has a 52-week low of $5.46 and a 52-week high of $6.39. The stock has a fifty day moving average of $5.78 and a 200 day moving average of $5.90.
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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