Madison Covered Call & Equity Strtgy Fd (MCN) to Issue Quarterly Dividend of $0.18 on September 29th
Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) announced a quarterly dividend on Tuesday, September 5th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.18 per share by the investment management company on Friday, September 29th. This represents a $0.72 annualized dividend and a yield of 9.25%. The ex-dividend date is Thursday, September 14th.
Madison Covered Call & Equity Strtgy Fd (MCN) traded down 0.2481% during midday trading on Wednesday, reaching $7.7607. The company’s stock had a trading volume of 47,409 shares. The stock has a 50-day moving average price of $7.83 and a 200 day moving average price of $7.94. Madison Covered Call & Equity Strtgy Fd has a 12 month low of $7.46 and a 12 month high of $8.21.
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About Madison Covered Call & Equity Strtgy Fd
Madison Covered Call & Equity Strategy 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 will pursue its investment objectives by investing primarily in large and mid-capitalization common stocks.
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