Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Monday, November 17th will be paid a dividend of 0.06 per share by the investment management company on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Monday, November 17th.
Madison Covered Call & Equity Strategy Fund Price Performance
MCN stock opened at $5.95 on Wednesday. The company’s 50-day moving average price is $6.18 and its two-hundred day moving average price is $6.11. Madison Covered Call & Equity Strategy Fund has a 12 month low of $5.16 and a 12 month high of $7.13.
Institutional Investors Weigh In On Madison Covered Call & Equity Strategy Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new position in shares of Madison Covered Call & Equity Strategy Fund in the 2nd quarter valued at $27,000. Bank of America Corp DE acquired a new stake in Madison Covered Call & Equity Strategy Fund in the second quarter valued at about $48,000. Tactive Advisors LLC bought a new position in Madison Covered Call & Equity Strategy Fund in the third quarter valued at about $71,000. Cetera Investment Advisers bought a new position in Madison Covered Call & Equity Strategy Fund in the second quarter valued at about $88,000. Finally, Bank of New York Mellon Corp acquired a new position in Madison Covered Call & Equity Strategy Fund during the first quarter worth about $104,000.
Madison Covered Call & Equity Strategy Fund Company Profile
Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.
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