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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) announced 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) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Tuesday, September 15th.

Madison Covered Call & Equity Strategy Fund Stock Performance

NYSE:MCN opened at $5.71 on Wednesday. The business has a 50 day simple moving average of $5.61 and a 200 day simple moving average of $5.79. Madison Covered Call & Equity Strategy Fund has a 12-month low of $5.46 and a 12-month 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.