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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) declared a monthly dividend on Monday, March 2nd. Investors of record on Monday, March 16th will be given a dividend of 0.06 per share by the investment management company on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Monday, March 16th.

Madison Covered Call & Equity Strategy Fund Stock Performance

Madison Covered Call & Equity Strategy Fund stock opened at $5.89 on Friday. Madison Covered Call & Equity Strategy Fund has a fifty-two week low of $5.16 and a fifty-two week high of $6.39. The firm’s 50-day simple moving average is $6.05 and its 200 day simple moving average is $6.06.

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.