Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) announced a monthly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be given 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 yield of 12.6%. The ex-dividend date of this dividend is Monday, August 17th.
Madison Covered Call & Equity Strategy Fund Stock Performance
Madison Covered Call & Equity Strategy Fund stock opened at $5.70 on Friday. The business has a 50-day simple moving average of $5.61 and a two-hundred day simple moving average of $5.82. Madison Covered Call & Equity Strategy Fund has a 52-week low of $5.46 and a 52-week high of $6.39.
Hedge Funds Weigh In On Madison Covered Call & Equity Strategy Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Axiom Investment Management LLC bought a new stake in Madison Covered Call & Equity Strategy Fund during the first quarter valued at approximately $25,000. Kestra Advisory Services LLC bought a new position in Madison Covered Call & Equity Strategy Fund in the fourth quarter worth approximately $37,000. International Assets Investment Management LLC purchased a new position in shares of Madison Covered Call & Equity Strategy Fund during the 4th quarter worth $43,000. Bank of America Corp DE purchased a new position in shares of Madison Covered Call & Equity Strategy Fund during the 2nd quarter worth $48,000. Finally, Jane Street Group LLC purchased a new position in shares of Madison Covered Call & Equity Strategy Fund during the 4th quarter worth $67,000.
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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