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

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Monday, March 16th will be paid 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 Stock Down 0.4%

Shares of MCN opened at $5.89 on Friday. The firm’s 50 day moving average is $6.05 and its 200-day moving average is $6.06. Madison Covered Call & Equity Strategy Fund has a 12-month low of $5.16 and a 12-month high of $6.39.

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.