NYSE:MCN

Madison Covered Call & Equity Strategy Fund - MCN Stock Forecast, Price & News

$7.43

+0.01 (+0.13%)

(As of 08/11/2022 12:00 AM ET)

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Today's Range: $7.42
▼
$7.54
50-Day Range: $6.48
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$7.43
52-Week Range: $6.44
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$8.54

Volume: 33,357 shs
Average Volume: 68,538 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: 0.10%
Price Target: N/A

About Madison Covered Call & Equity Strategy Fund

Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.

Madison Covered Call & Equity Strategy Fund Price Performance

MCN Stock traded up $0.01 during trading on Thursday, hitting $7.43. The company had a trading volume of 33,357 shares, compared to its average volume of 68,538. The company has a fifty day moving average price of $6.92 and a two-hundred day moving average price of $7.35. Madison Covered Call & Equity Strategy Fund has a fifty-two week low of $6.44 and a fifty-two week high of $8.54.

Madison Covered Call & Equity Strategy Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 9.69%. The ex-dividend date was Wednesday, June 15th.

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MCN Stock News Headlines

August 6, 2022 | finance.yahoo.com

Madison Covered Call & Equity Strategy Fund (MCN)

May 31, 2022 | seekingalpha.com

Equity CEF Performances: Updated Through May 27, 2022

March 4, 2022 | seekingalpha.com

Madison Covered Call & Equity Strategy Fund declares $0.18 dividend

February 8, 2022 | finance.yahoo.com

Madison Investments welcomes Tom Nolte to Madison Institutional Business Group

June 11, 2021 | finance.yahoo.com

Madison Investments Completes Acquisition of Reinhart Fixed Income

March 24, 2021 | finance.yahoo.com

Madison Covered Call and Equity Strategy Fund (MCN) Announces Correction to the Net Asset Value “NAV”

February 7, 2021 | barrons.com

Madison Covered Call & Equity Strategy Fund

January 10, 2021 | forbes.com

UFC 257 Full Fight Video: Watch Conor McGregor Knock Out Eddie Alvarez

October 23, 2019 | markets.ft.com

Madison Covered Call and Equity Strategy Fund

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MCN Company Calendar

Ex-Dividend for 6/30 Dividend: 6/15/2022
Dividend Payable: 6/30/2022
Today: 8/11/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Asset Management
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:MCN
CUSIP: N/A
CIK: 1289868
Web: madisonfunds.com
Phone: 800-767-0300
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Kevin M. Robinson J.D. (Age 63)
Chief Exec. Officer
Mr. Patrick F. Ryan C.F.A.
CFA, Portfolio Mang.

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MCN Stock - Frequently Asked Questions

How have MCN shares performed in 2022?: Madison Covered Call & Equity Strategy Fund's stock was trading at $8.02 at the beginning of 2022. Since then, MCN shares have decreased by 7.4% and is now trading at $7.43.
View the best growth stocks for 2022 here.
Are investors shorting Madison Covered Call & Equity Strategy Fund?: Madison Covered Call & Equity Strategy Fund saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 39,400 shares, a decrease of 43.9% from the June 15th total of 70,200 shares. Based on an average daily trading volume, of 80,100 shares, the short-interest ratio is currently 0.5 days.
View Madison Covered Call & Equity Strategy Fund's Short Interest.
How often does Madison Covered Call & Equity Strategy Fund pay dividends? What is the dividend yield for Madison Covered Call & Equity Strategy Fund?: Madison Covered Call & Equity Strategy Fund announced a quarterly dividend on Wednesday, June 1st. Shareholders of record on Thursday, June 16th will be given a dividend of $0.18 per share on Thursday, June 30th. This represents a $0.72 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend is Wednesday, June 15th.
Read our dividend analysis for MCN.
Is Madison Covered Call & Equity Strategy Fund a good dividend stock?: Madison Covered Call & Equity Strategy Fund (NYSE:MCN) pays an annual dividend of $0.72 per share and currently has a dividend yield of 0.10%.
Read our dividend analysis for MCN.

What other stocks do shareholders of Madison Covered Call & Equity Strategy Fund own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Madison Covered Call & Equity Strategy Fund investors own include Abrdn Income Credit Strategies Fund (ACP), Oxford Lane Capital (OXLC), Prospect Capital (PSEC), Apple Hospitality REIT (APLE), Blackrock Resources & Commodities Strategy Trust (BCX), BlackRock Enhanced International Dividend Trust (BGY), First Trust/abrdn Emerging Opportunity Fund (FEO), Main Street Capital (MAIN), Altria Group (MO) and Permian Basin Royalty Trust (PBT).
What is Madison Covered Call & Equity Strategy Fund's stock symbol?: Madison Covered Call & Equity Strategy Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCN."
Who are Madison Covered Call & Equity Strategy Fund's major shareholders?: Madison Covered Call & Equity Strategy Fund's stock is owned by many different retail and institutional investors. Top institutional investors include Spire Wealth Management (0.00%), UBS Group AG (0.00%), Advisors Asset Management Inc. (0.00%), Shaker Financial Services LLC (0.00%), Procyon Advisors LLC (0.00%) and L.M. Kohn & Company (0.00%).
View institutional ownership trends.
How do I buy shares of Madison Covered Call & Equity Strategy Fund?: Shares of MCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Madison Covered Call & Equity Strategy Fund's stock price today?: One share of MCN stock can currently be purchased for approximately $7.43.
How can I contact Madison Covered Call & Equity Strategy Fund?: Madison Covered Call & Equity Strategy Fund's mailing address is 550 Science Dr, MADISON, WI 53711-1059, United States. The official website for the company is madisonfunds.com. The investment management company can be reached via phone at 800-767-0300.

This page (NYSE:MCN) was last updated on 8/12/2022 by MarketBeat.com Staff

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