Press coverage about Madison Strategic Sector Premium Fund (NYSE:MSP) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Madison Strategic Sector Premium Fund earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 44.7976815022151 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Madison Strategic Sector Premium Fund (MSP) traded up $0.05 during trading on Friday, reaching $11.90. The company had a trading volume of 13,191 shares, compared to its average volume of 9,824. Madison Strategic Sector Premium Fund has a 52-week low of $11.29 and a 52-week high of $12.42.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date was Thursday, December 14th.
In other Madison Strategic Sector Premium Fund news, Director Frank E. Burgess sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $11.64, for a total transaction of $81,480.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank E. Burgess sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $11.70, for a total value of $58,500.00. The disclosure for this sale can be found here.
About Madison Strategic Sector Premium Fund
Madison Strategic Sector Premium Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The Fund focuses on pursuing its investment objectives by investing primarily in large and mid-capitalization common stocks.
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