Madison Covered Call & Equity Strtgy Fd Company Profile (NYSE:MCN)

About Madison Covered Call & Equity Strtgy Fd (MCN)

Madison Covered Call & Equity Strtgy Fd logoMadison 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:
  • Sector: Finance
  • Industry: Closed-End Fund - Equity
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: MCN
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $7.89
  • 50 Day Moving Average: $8.00
  • 200 Day Moving Average: $7.84
  • 52-Week Range: $7.22 - $8.21
  • Trailing P/E Ratio: 12.06
  • P/E Growth: 0.00
  • Market Cap: $152.02M

Analyst Ratings

Consensus Ratings for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) (?)
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)
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No equities research coverage for this company has been tracked by MarketBeat.com

Earnings

Earnings History for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
Next Dividend:3/31/2017
Annual Dividend:$0.72
Dividend Yield:9.13%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:
Dividend Payments by Quarter for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)

Dividend History by Quarter for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/2/2017quarterly$0.188.86%3/15/20173/17/20173/31/2017
12/2/2016quarterly$0.189.16%12/14/201612/16/201612/30/2016
9/2/2016quarterly$0.189.09%9/14/20169/16/20169/30/2016
6/3/2016quarterly$0.189.35%6/15/20166/17/20166/30/2016
3/2/2016quarterly$0.189.77%3/15/20163/17/20163/31/2016
12/2/2015quarterly$0.189.27%12/15/201512/17/201512/30/2015
9/2/2015quarterly$0.189.8%9/15/20159/17/20159/30/2015
6/2/2015quarterly$0.188.64%6/16/20156/18/20156/30/2015
3/3/2015quarterly$0.188.56%3/17/20153/19/20153/31/2015
12/1/2014quarterly$0.188.47%12/15/201412/17/201412/30/2014
9/3/2014quarterly$0.188.17%9/15/20149/17/20149/30/2014
6/3/2014quarterly$0.188.34%6/16/20146/18/20146/30/2014
3/4/2014quarterly$0.188.61%3/17/20143/19/20143/31/2014
(Data available from 1/1/2013 forward)

Insider Trades

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)
Insider Trades by Quarter for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/21/2014Philip E BlakeDirectorBuy1,200$8.52$10,224.00View SEC Filing  
2/14/2014Lorence D WheelerDirectorSell1,825$8.26$15,074.50View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
Latest Headlines for Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)
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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 Thursday, March 2nd. Investors of record on Friday, March 17th will be paid a dividend of $0.18 per share on Friday, March 31st. This represents a $0.72 annualized dividend and a dividend yield of 9.13%. The ex-dividend date of this dividend is Wednesday, March 15th.

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.

How much does a share of Madison Covered Call & Equity Strtgy Fd stock cost?

One share of Madison Covered Call & Equity Strtgy Fd stock can currently be purchased for approximately $7.89.

Madison Covered Call & Equity Strtgy Fd (MCN) Chart for Saturday, March, 25, 2017

This page was last updated on 3/25/2017 by MarketBeat.com Staff