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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) declared a monthly dividend on Thursday, April 30th. Investors of record on Friday, May 15th will be paid a dividend of 0.06 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Friday, May 15th.

Madison Covered Call & Equity Strategy Fund Stock Performance

Shares of MCN stock traded down $0.02 on Wednesday, reaching $5.89. 3,413 shares of the stock were exchanged, compared to its average volume of 68,076. The business’s 50 day moving average price is $5.90 and its 200 day moving average price is $5.96. Madison Covered Call & Equity Strategy Fund has a twelve month low of $5.65 and a twelve month high of $6.39.

Madison Covered Call & Equity Strategy Fund Company Profile

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.