Madison Covered Call & Equity Strategy Fund (MCN) to Issue Monthly Dividend of $0.06 on April 1st

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) announced a monthly dividend on Monday, March 2nd. Stockholders 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) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Monday, March 16th.

Madison Covered Call & Equity Strategy Fund Price Performance

Shares of NYSE:MCN traded down $0.03 during trading on Friday, reaching $5.89. 37,317 shares of the stock were exchanged, compared to its average volume of 79,706. Madison Covered Call & Equity Strategy Fund has a 1-year low of $5.16 and a 1-year high of $6.39. The stock has a fifty day moving average of $6.05 and a two-hundred day moving average of $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.