Madison Covered Call & Equity Strategy Fund (MCN) to Issue Monthly Dividend of $0.06 on November 2nd

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.06 per share by the investment management company on Monday, November 2nd. This represents a $0.72 annualized dividend and a dividend yield of 13.7%. The ex-dividend date is Thursday, October 15th.

Madison Covered Call & Equity Strategy Fund Stock Performance

Shares of NYSE:MCN opened at $5.26 on Friday. Madison Covered Call & Equity Strategy Fund has a 52-week low of $5.18 and a 52-week high of $6.39. The company has a fifty day moving average of $5.57 and a 200-day moving average of $5.69.

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 current income and long-term capital appreciation. The fund is managed by Madison Investments, an investment management firm offering a range of equity and fixed-income strategies.

The fund invests primarily in a diversified portfolio of common stocks, with an emphasis on companies that Madison believes offer the potential for income and growth. It also employs a covered call strategy, writing call options on selected portfolio holdings to generate additional income while retaining exposure to the underlying equities.

MCN focuses mainly on the U.S.