Somewhat Negative Media Coverage Somewhat Unlikely to Impact Madison Strategic Sector Premium Fund (MSP) Share Price
News articles about Madison Strategic Sector Premium Fund (NYSE:MSP) have trended somewhat negative recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Madison Strategic Sector Premium Fund earned a news sentiment score of -0.15 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 41.8020311239807 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Madison Strategic Sector Premium Fund (MSP) traded up $0.07 during trading on Friday, hitting $11.42. The company had a trading volume of 809 shares, compared to its average volume of 26,753. Madison Strategic Sector Premium Fund has a 52 week low of $11.29 and a 52 week high of $12.42.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.04 annualized dividend and a dividend yield of 9.11%.
In other Madison Strategic Sector Premium Fund news, Director Frank E. Burgess sold 7,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $11.64, for a total transaction of $81,480.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank E. Burgess sold 5,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $11.70, for a total value of $58,500.00. The disclosure for this sale can be found here.
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About Madison Strategic Sector Premium Fund
Madison Strategic Sector Premium Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The Fund focuses on pursuing its investment objectives by investing primarily in large and mid-capitalization common stocks.
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