Madison Covered Call & Equity Strategy Fund (NYSE:MCN) 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 0.18 per share by the investment management company on Friday, December 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.34%. The ex-dividend date is Thursday, December 14th.
Madison Covered Call & Equity Strategy Fund (MCN) traded up $0.04 on Wednesday, hitting $7.71. The stock had a trading volume of 83,296 shares, compared to its average volume of 54,773. Madison Covered Call & Equity Strategy Fund has a 52 week low of $7.40 and a 52 week high of $8.21.
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About Madison Covered Call & Equity Strategy Fund
Madison Covered Call & Equity Strategy 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 will pursue its investment objectives by investing primarily in large and mid-capitalization common stocks.
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