News articles about Madison Strategic Sector Premium Fund (NYSE:MSP) have trended somewhat negative on Thursday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest 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 assigned headlines about the investment management company an impact score of 41.5731655314611 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Madison Strategic Sector Premium Fund (MSP) traded down $0.08 during trading hours on Thursday, hitting $11.68. 3,800 shares of the company traded hands, compared to its average volume of 12,913. Madison Strategic Sector Premium Fund has a twelve month low of $11.29 and a twelve month high of $12.42.
The company also recently announced 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 8.90%.
In related news, Director Frank E. Burgess sold 5,000 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank E. Burgess bought 430,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was 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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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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