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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.06 per share by the investment management company on Friday, May 1st. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date is Wednesday, April 15th.

Madison Covered Call & Equity Strategy Fund Price Performance

NYSE MCN traded up $0.00 on Monday, hitting $5.85. The stock had a trading volume of 37,367 shares, compared to its average volume of 71,388. Madison Covered Call & Equity Strategy Fund has a one year low of $5.16 and a one year high of $6.39. The company’s 50-day moving average is $5.97 and its two-hundred day moving average is $6.00.

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.