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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) announced a quarterly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.06 per share by the investment management company on Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

Madison Covered Call & Equity Strategy Fund Trading Down 0.6%

MCN stock traded down $0.04 during midday trading on Tuesday, reaching $6.05. 9,337 shares of the company’s stock traded hands, compared to its average volume of 85,593. Madison Covered Call & Equity Strategy Fund has a 52 week low of $5.16 and a 52 week high of $6.51. The company has a 50-day moving average price of $5.98 and a two-hundred day moving average price of $6.08.

Institutional Trading of Madison Covered Call & Equity Strategy Fund

A number of large investors have recently modified their holdings of MCN. Ameritas Advisory Services LLC purchased a new stake in Madison Covered Call & Equity Strategy Fund in the second quarter valued at approximately $27,000. Bank of America Corp DE purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund during the 2nd quarter valued at $48,000. Tactive Advisors LLC purchased a new stake in shares of Madison Covered Call & Equity Strategy Fund during the 3rd quarter valued at $71,000. Cetera Investment Advisers bought a new stake in shares of Madison Covered Call & Equity Strategy Fund during the 2nd quarter worth $88,000. Finally, Susquehanna International Group LLP bought a new position in Madison Covered Call & Equity Strategy Fund in the third quarter valued at $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.