Madison Strategic Sector Premium Fund (MSP) Plans Quarterly Dividend of $0.26

Madison Strategic Sector Premium Fund (NYSE:MSP) declared a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.26 per share by the investment management company on Friday, December 29th. This represents a $1.04 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date of this dividend is Thursday, December 14th.

Madison Strategic Sector Premium Fund (MSP) traded up $0.16 during trading hours on Tuesday, reaching $11.83. 26,900 shares of the company were exchanged, compared to its average volume of 12,990. Madison Strategic Sector Premium Fund has a 1 year low of $11.29 and a 1 year high of $12.42.

In other news, Director Frank E. Burgess sold 7,000 shares of Madison Strategic Sector Premium Fund 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank E. Burgess purchased 430,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $12.01 per share, with a total value of $5,164,300.00. The disclosure for this purchase can be found here.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2017/12/05/madison-strategic-sector-premium-fund-msp-plans-quarterly-dividend-of-0-26.html.

Madison Strategic Sector Premium Fund Company Profile

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.

Dividend History for Madison Strategic Sector Premium Fund (NYSE:MSP)

Receive News & Ratings for Madison Strategic Sector Premium Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madison Strategic Sector Premium Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply