About Madison Strategic Sector Premium Fund (NYSE:MSP)
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. Under normal market conditions, the Fund seeks to generate earnings from option premiums by writing (selling) covered call options on a substantial portion of its portfolio securities. The Fund invests in various sectors, such as 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. Madison Asset Management, LLC serves as an investment advisor for the Fund.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Closed End Funds
- Sub-Industry: N/A
- Symbol: NYSE:MSP
- CUSIP: N/A
- Web: madisonfunds.com/
Average Prices:- 50 Day Moving Avg: $11.75
- 200 Day Moving Avg: $11.88
- 52 Week Range: $11.29 - $12.42
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
Misc:- Average Volume: 11,454 shs.
Frequently Asked Questions for Madison Strategic Sector Premium Fund (NYSE:MSP)
What is Madison Strategic Sector Premium Fund's stock symbol?
Madison Strategic Sector Premium Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSP."
How often does Madison Strategic Sector Premium Fund pay dividends? What is the dividend yield for Madison Strategic Sector Premium Fund?
Madison Strategic Sector Premium Fund declared a quarterly dividend on Tuesday, September 5th. Investors of record on Friday, September 15th will be given a dividend of $0.26 per share on Friday, September 29th. This represents a $1.04 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date is Thursday, September 14th. View Madison Strategic Sector Premium Fund's Dividend History.
Who are some of Madison Strategic Sector Premium Fund's key competitors?
Some companies that are related to Madison Strategic Sector Premium Fund include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA) and Blackrock Taxable Municipal Bond Trust (BBN).
Who are Madison Strategic Sector Premium Fund's key executives?
Madison Strategic Sector Premium Fund's management team includes the folowing people:
- Katherine L. Frank, President, Trustee
- Frank E. Burgess, Vice President, Trustee
- Paul A. Lefurgey, Vice President
- Jay R. Sekelsky, Vice President
- Greg D. Hoppe, Treasurer
- Holly S. Baggot, Secretary, Assistant Treasurer
- Philip E. Blake, Independent Trustee
- James R. Imhoff Jr., Independent Trustee
Who owns Madison Strategic Sector Premium Fund stock?
Who bought Madison Strategic Sector Premium Fund stock? Who is buying Madison Strategic Sector Premium Fund stock?
How do I buy Madison Strategic Sector Premium Fund stock?
Shares of Madison Strategic Sector Premium Fund 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 Strategic Sector Premium Fund's stock price today?
One share of Madison Strategic Sector Premium Fund stock can currently be purchased for approximately $11.94.
MarketBeat Community Rating for Madison Strategic Sector Premium Fund (NYSE MSP)MarketBeat's community ratings are surveys of what our community members think about Madison Strategic Sector Premium Fund 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.
Consensus Ratings for Madison Strategic Sector Premium Fund (NYSE:MSP) (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 |
Consensus Price Target History for Madison Strategic Sector Premium Fund (NYSE:MSP)
Analysts' Ratings History for Madison Strategic Sector Premium Fund (NYSE:MSP)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Madison Strategic Sector Premium Fund (NYSE:MSP)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Madison Strategic Sector Premium Fund (NYSE:MSP)No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Madison Strategic Sector Premium Fund (NYSE:MSP)| Most Recent Dividend: | 9/29/2017 |
| Annual Dividend: | $1.04 |
| Dividend Yield: | 8.71% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | |
Dividend History by Quarter for Madison Strategic Sector Premium Fund (NYSE MSP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/5/2017 | quarterly | $0.26 | 8.99% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 6/2/2017 | quarterly | $0.26 | 8.55% | 6/14/2017 | 6/16/2017 | 6/30/2017 |
| 3/2/2017 | quarterly | $0.26 | 8.48% | 3/15/2017 | 3/17/2017 | 3/31/2017 |
| 12/2/2016 | quarterly | $0.26 | 8.78% | 12/14/2016 | 12/16/2016 | 12/30/2016 |
| 9/2/2016 | quarterly | $0.26 | 8.81% | 9/14/2016 | 9/16/2016 | 9/30/2016 |
| 6/3/2016 | quarterly | $0.26 | 8.99% | 6/15/2016 | 6/17/2016 | 6/30/2016 |
| 3/2/2016 | quarterly | $0.26 | 9.44% | 3/15/2016 | 3/17/2016 | 3/31/2016 |
| 12/2/2015 | quarterly | $0.26 | 9.15% | 12/15/2015 | 12/17/2015 | 12/30/2015 |
| 9/2/2015 | quarterly | $0.26 | 9.55% | 9/15/2015 | 9/17/2015 | 9/30/2015 |
| 6/2/2015 | quarterly | $0.26 | 8.51% | 6/16/2015 | 6/18/2015 | 6/30/2015 |
| 3/3/2015 | quarterly | $0.26 | 8.47% | 3/17/2015 | 3/19/2015 | 3/31/2015 |
| 12/1/2014 | quarterly | $0.26 | 8.34% | 12/15/2014 | 12/17/2014 | 12/30/2014 |
| 9/3/2014 | quarterly | $0.26 | 8.04% | 9/15/2014 | 9/17/2014 | 9/30/2014 |
| 6/3/2014 | quarterly | $0.26 | 8.12% | 6/16/2014 | 6/18/2014 | 6/30/2014 |
| 3/4/2014 | quarterly | $0.26 | 8.3% | 3/17/2014 | 3/19/2014 | 3/31/2014 |
| 12/2/2013 | quarterly | $0.26 | 8.7% | 12/13/2013 | 12/17/2013 | 12/27/2013 |
| 9/3/2013 | quarterly | $0.26 | 8.9% | 9/16/2013 | 9/18/2013 | 9/30/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Madison Strategic Sector Premium Fund (NYSE:MSP)Insider Trades by Quarter for Madison Strategic Sector Premium Fund (NYSE:MSP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 2/14/2014 | Lorence D Wheeler | Director | Sell | 1,245 | $12.12 | $15,089.40 |  |
| 3/14/2013 | Jay Sekelsky | VP | Sell | 3,386 | $12.01 | $40,665.86 | |
(Data available from 1/1/2013 forward)
Headline Trends for Madison Strategic Sector Premium Fund (NYSE:MSP)
Latest Headlines for Madison Strategic Sector Premium Fund (NYSE:MSP)
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Madison Strategic Sector Premium Fund (MSP) Chart for Friday, October, 20, 2017
