Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.06 per share by the investment management company on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Wednesday, April 15th.
Madison Covered Call & Equity Strategy Fund Trading Down 0.1%
Shares of MCN stock traded down $0.01 during trading hours on Monday, hitting $5.85. 37,868 shares of the company were exchanged, compared to its average volume of 71,410. The firm has a fifty day simple moving average of $5.97 and a 200 day simple moving average of $6.00. Madison Covered Call & Equity Strategy Fund has a 52-week low of $5.16 and a 52-week 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.
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