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. Under normal market conditions, the Fund will seek to generate current earnings from option premiums by writing (selling) covered call options on a substantial portion of its portfolio securities. The Fund invests in various sectors, including consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services, exchange traded funds, short-term investments, and the United States Government and agency obligations. The Fund's investment advisor is Madison Asset Management, LLC.
Industry, Sector and Symbol:
- 50 Day Moving Avg: $7.97
- 200 Day Moving Avg: $7.94
- 52 Week Range: $7.35 - $8.21
- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
- Average Volume: 50,600 shs.
Frequently Asked Questions for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
What is Madison Covered Call & Equity Strtgy Fd's stock symbol?
Madison Covered Call & Equity Strtgy Fd trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCN."
How often does Madison Covered Call & Equity Strtgy Fd pay dividends? What is the dividend yield for Madison Covered Call & Equity Strtgy Fd?
Madison Covered Call & Equity Strtgy Fd announced a quarterly dividend on Friday, June 2nd. Stockholders of record on Friday, June 16th will be given a dividend of $0.18 per share on Friday, June 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date of this dividend is Wednesday, June 14th. View Madison Covered Call & Equity Strtgy Fd's Dividend History.
Who are some of Madison Covered Call & Equity Strtgy Fd's key competitors?
Some companies that are related to Madison Covered Call & Equity Strtgy Fd include Ares Capital Corporation (ARCC), Prospect Capital Corporation (PSEC), FS Investment Corporation (FSIC), Apollo Investment Corporation (AINV), Golub Capital BDC (GBDC), Hercules Capital (HTGC), Liberty All-Star Equity Fund (USA), TCP Capital Corp. (TCPC), Ithaca Energy (IAE), PennantPark Investment Corporation (PNNT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), Medley Capital Corporation (MCC), Gladstone Investment Corporation (GAIN), Solar Senior Capital (SUNS), Invesco Bond Fund (VBF) and Fifth Street Senior Floating Rate Corp. (FSFR).
Who are Madison Covered Call & Equity Strtgy Fd's key executives?
Madison Covered Call & Equity Strtgy Fd's management team includes the folowing people:
- Kevin M. Robinson JD, Chief Executive Officer, Chief Legal Officer
- John L. Sullivan, Chief Financial Officer, Chief Accounting Officer, Treasurer
- Frank E. Burgess, Senior Vice President, Trustee
- W.Richard Mason, Chief Compliance Officer,Corporate Counsel, Assistant Secretary
- Ann Edgeworth, Interim Chief Compliance Officer
- Paul A. Lefurgey, Vice President
- Pamela M. Krill, General Counsel- Chief Legal Officer, Assistant Secretary
- Greg D. Hoppe, Treasurer
- Holly S. Baggot, Assistant Treasurer, Secretary
- Mark J. Furjanic, Assistant Treasurer
How do I buy Madison Covered Call & Equity Strtgy Fd stock?
Shares of Madison Covered Call & Equity Strtgy Fd can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Madison Covered Call & Equity Strtgy Fd's stock price today?
MarketBeat Community Rating for Madison Covered Call & Equity Strtgy Fd (NYSE MCN)MarketBeat's community ratings are surveys of what our community members think about Madison Covered Call & Equity Strtgy Fd and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Madison Covered Call & Equity Strtgy Fd stock can currently be purchased for approximately $7.81.
Consensus Ratings for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
|Dividend Growth:||0.00% (3 Year Average)|
Dividend History by Quarter for Madison Covered Call & Equity Strtgy Fd (NYSE MCN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)Insider Trades by Quarter for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/21/2014||Philip E Blake||Director||Buy||1,200||$8.52||$10,224.00|| |
|2/14/2014||Lorence D Wheeler||Director||Sell||1,825||$8.26||$15,074.50|| |
Headline Trends for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
Latest Headlines for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
Madison Covered Call & Equity Strtgy Fd (MCN) Chart for Thursday, June, 22, 2017