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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) declared a quarterly dividend on Monday, February 2nd. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.06 per share by the investment management company on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, February 17th.

Madison Covered Call & Equity Strategy Fund Stock Down 0.6%

Shares of Madison Covered Call & Equity Strategy Fund stock traded down $0.04 on Tuesday, hitting $6.05. 11,989 shares of the company’s stock traded hands, compared to its average volume of 85,638. The company has a fifty day moving average of $5.98 and a two-hundred day moving average of $6.08. Madison Covered Call & Equity Strategy Fund has a one year low of $5.16 and a one year high of $6.51.

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.