Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.06 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Tuesday, September 15th.
Madison Covered Call & Equity Strategy Fund Trading Up 0.2%
NYSE:MCN opened at $5.74 on Thursday. Madison Covered Call & Equity Strategy Fund has a 1 year low of $5.46 and a 1 year high of $6.39. The firm has a 50 day moving average of $5.62 and a 200-day moving average of $5.78.
Hedge Funds Weigh In On Madison Covered Call & Equity Strategy Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Axiom Investment Management LLC bought a new stake in shares of Madison Covered Call & Equity Strategy Fund during the first quarter worth $25,000. Kestra Advisory Services LLC bought a new position in shares of Madison Covered Call & Equity Strategy Fund in the fourth quarter valued at about $37,000. International Assets Investment Management LLC acquired a new position in Madison Covered Call & Equity Strategy Fund during the 4th quarter worth about $43,000. Bank of America Corp DE acquired a new position in Madison Covered Call & Equity Strategy Fund during the 2nd quarter worth about $48,000. Finally, Jane Street Group LLC bought a new stake in Madison Covered Call & Equity Strategy Fund during the 4th quarter worth about $67,000.
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.
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