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.
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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.
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