Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) to Issue $0.18 Quarterly Dividend
Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) declared a quarterly dividend on Monday, June 3rd, NASDAQ reports. Investors of record on Tuesday, June 18th will be given a dividend of 0.18 per share by the investment management company on Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date is Monday, June 17th.
Madison Covered Call & Equity Strtgy Fd has raised its dividend by an average of 10.1% annually over the last three years.
MCN traded down $0.02 during trading hours on Wednesday, reaching $6.57. The company’s stock had a trading volume of 500 shares, compared to its average volume of 73,313. Madison Covered Call & Equity Strtgy Fd has a fifty-two week low of $5.72 and a fifty-two week high of $7.94.
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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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