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Madison Covered Call & Equity Strategy Fund (NYSE:MCN) Plans $0.18 Quarterly Dividend

kopsource ·  Dec 14, 2022 21:21

Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Rating) declared a quarterly dividend on Thursday, December 1st, Zacks reports. Investors of record on Friday, December 16th will be paid a dividend of 0.18 per share by the investment management company on Thursday, December 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date is Thursday, December 15th.

Madison Covered Call & Equity Strategy Fund Stock Up 2.0 %

NYSE MCN opened at $7.79 on Wednesday. Madison Covered Call & Equity Strategy Fund has a 52 week low of $6.27 and a 52 week high of $8.31. The firm's 50-day simple moving average is $7.43 and its two-hundred day simple moving average is $7.24.

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Institutional Investors Weigh In On Madison Covered Call & Equity Strategy Fund

An institutional investor recently raised its position in Madison Covered Call & Equity Strategy Fund stock. UBS Group AG raised its holdings in shares of Madison Covered Call & Equity Strategy Fund (NYSE:MCN – Get Rating) by 30.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,641 shares of the investment management company's stock after purchasing an additional 41,033 shares during the quarter. UBS Group AG's holdings in Madison Covered Call & Equity Strategy Fund were worth $1,178,000 as of its most recent filing with the Securities & Exchange Commission.

Madison Covered Call & Equity Strategy Fund Company Profile

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Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

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