Media coverage about Madison Strategic Sector Premium Fund (NYSE:MSP) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Madison Strategic Sector Premium Fund earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 44.7976815022151 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Madison Strategic Sector Premium Fund (NYSE MSP) traded up $0.02 during mid-day trading on Thursday, reaching $11.77. The company had a trading volume of 3,300 shares, compared to its average volume of 6,800. Madison Strategic Sector Premium Fund has a 1-year low of $11.29 and a 1-year high of $12.42.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 8.84%. The ex-dividend date of this dividend was Thursday, December 14th.
In related news, Director Frank E. Burgess sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $11.64, for a total value of $81,480.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank E. Burgess bought 430,000 shares of Madison Strategic Sector Premium Fund stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $12.01 per share, for a total transaction 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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