Madison Covered Call & Equity Strategy Fund (MCN) To Go Ex-Dividend on May 15th

Madison Covered Call & Equity Strategy Fund (NYSE:MCN) announced a monthly dividend on Thursday, April 30th. Investors of record on Friday, May 15th will be paid a dividend of 0.06 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Friday, May 15th.

Madison Covered Call & Equity Strategy Fund Stock Performance

Madison Covered Call & Equity Strategy Fund stock traded down $0.02 during midday trading on Wednesday, reaching $5.89. The stock had a trading volume of 4,291 shares, compared to its average volume of 68,095. Madison Covered Call & Equity Strategy Fund has a 12 month low of $5.65 and a 12 month high of $6.39. The company has a fifty day moving average price of $5.90 and a two-hundred day moving average price of $5.96.

About Madison Covered Call & Equity Strategy Fund

Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a closed-end management investment company designed to provide investors with total return through a blend of current income and capital appreciation. Listed on the New York Stock Exchange, the Fund pursues its objective by investing primarily in equity securities of U.S. companies and employing an options overlay to enhance income generation.

The Fund’s investment approach centers on fundamental analysis to identify large- and mid-cap stocks with attractive risk/return profiles.