Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Monday, August 17th will be paid a dividend of 0.06 per share by the investment management company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Monday, August 17th.
Madison Covered Call & Equity Strategy Fund Trading Up 0.1%
NYSE MCN opened at $5.64 on Tuesday. The business’s fifty day simple moving average is $5.64 and its 200-day simple moving average is $5.84. Madison Covered Call & Equity Strategy Fund has a 52 week low of $5.46 and a 52 week high of $6.39.
About Madison Covered Call & Equity Strategy Fund
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.
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