Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Announces $0.06 Monthly Dividend

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) announced a monthly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be given a dividend of 0.06 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Friday, May 15th.

Madison Covered Call & Equity Strategy Fund Stock Down 0.3%

MCN stock traded down $0.02 during midday trading on Wednesday, reaching $5.89. 3,413 shares of the company were exchanged, compared to its average volume of 68,076. Madison Covered Call & Equity Strategy Fund has a 1-year low of $5.65 and a 1-year high of $6.39. The stock’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $5.96.

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.