NYSE:MSP - Madison Strategic Sector Premium Fund Stock Price, Price Target & More

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$11.79 +0.01 (+0.08 %)
(As of 05/27/2018 01:23 AM ET)
Previous Close$11.79
Today's Range$11.7786 - $11.8411
52-Week Range$10.72 - $12.33
Volume6,236 shs
Average Volume12,471 shs
Market Capitalization$68.94 million
P/E RatioN/A
Dividend Yield8.75%
Beta0.52

About Madison Strategic Sector Premium Fund (NYSE:MSP)

Madison Strategic Sector Premium 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 such factors as favorable 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. Madison Strategic Sector Premium Fund was formed on February 4, 2005 and is domiciled in the United States.

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Industry, Sector and Symbol

Industry Closed-End Fund - Equity
Sub-IndustryN/A
SectorFinance
SymbolNYSE:MSP
CUSIPN/A
Phone+1-608-2740300

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

EmployeesN/A
Outstanding Shares5,800,000

Madison Strategic Sector Premium Fund (NYSE:MSP) Frequently Asked Questions

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 Friday, March 2nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.26 per share on Thursday, March 29th. This represents a $1.04 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Wednesday, March 14th. View Madison Strategic Sector Premium Fund's Dividend History.

Who are some of Madison Strategic Sector Premium Fund's key competitors?

Who are Madison Strategic Sector Premium Fund's key executives?

Madison Strategic Sector Premium Fund's management team includes the folowing people:
  • Ms. Katherine Lousie Frank, Chief Exec. Officer, Pres, Trustee and Portfolio Mang. of Madison Asset Management LLC
  • Mr. Greg D. Hoppe, VP & Treasurer
  • Ms. Holly S. Baggot, Sec. and Assistant Treasurer
  • Mr. Jay Robert Sekelsky CFA, CPA, Chief Investment Officer,Exec. Director & Portfolio Mngr
  • Mr. Paul A. Lefurgey CFA, Director of Fixed Income and Director

Has Madison Strategic Sector Premium Fund been receiving favorable news coverage?

News articles about MSP stock have trended positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Madison Strategic Sector Premium Fund earned a coverage optimism score of 0.31 on Accern's scale. They also gave headlines about the investment management company an impact score of 46.43 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are Madison Strategic Sector Premium Fund's major shareholders?

Madison Strategic Sector Premium Fund's stock is owned by a variety of of retail and institutional investors. Top institutional investors include KARPUS MANAGEMENT, INC. (28.25%), KARPUS MANAGEMENT, INC. (27.20%), KARPUS MANAGEMENT, INC. (25.98%), KARPUS MANAGEMENT, INC. (24.70%), BURGESS FRANK E (7.70%) and Brinker Capital Inc. (3.30%). Company insiders that own Madison Strategic Sector Premium Fund stock include Arthur C Regan, Frank E Burgess and Richard E Struthers. View Institutional Ownership Trends for Madison Strategic Sector Premium Fund.

Which major investors are buying Madison Strategic Sector Premium Fund stock?

MSP stock was acquired by a variety of institutional investors in the last quarter, including Brinker Capital Inc., Shaker Financial Services LLC and Royal Bank of Canada. Company insiders that have bought Madison Strategic Sector Premium Fund stock in the last two years include Arthur C Regan, Frank E Burgess and Richard E Struthers. View Insider Buying and Selling for Madison Strategic Sector Premium Fund.

How do I buy shares of Madison Strategic Sector Premium Fund?

Shares of MSP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 MSP stock can currently be purchased for approximately $11.79.

How big of a company is Madison Strategic Sector Premium Fund?

Madison Strategic Sector Premium Fund has a market capitalization of $68.94 million.

How can I contact Madison Strategic Sector Premium Fund?

Madison Strategic Sector Premium Fund's mailing address is 550 Science Dr, MADISON, WI 53711-1059, United States. The investment management company can be reached via phone at +1-608-2740300.


MarketBeat Community Rating for Madison Strategic Sector Premium Fund (MSP)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  40 (Vote Outperform)
Underperform Votes:  46 (Vote Underperform)
Total Votes:  86
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 MSP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MSP will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Madison Strategic Sector Premium Fund (NYSE:MSP) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
(Data available from 5/27/2016 forward)

Earnings

Dividends

Madison Strategic Sector Premium Fund (NYSE:MSP) Dividend Information

Madison Strategic Sector Premium Fund pays an annual dividend of $1.04 per share, with a dividend yield of 8.82%. MSP's most recent quarterly dividend payment was Thursday, March 29.
Most Recent Dividend:3/29/2018
Annual Dividend:$1.04
Dividend Yield:8.82%
Dividend Growth:10.10% (3 Year Average)
Payout Ratio(s):N/A
Frequency:Quarterly Dividend
Dividend Payments by Quarter for Madison Strategic Sector Premium Fund (NYSE:MSP)

Madison Strategic Sector Premium Fund (NYSE:MSP) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/2/2018quarterly$0.269%3/14/20183/15/20183/29/2018
12/4/2017quarterly$0.268.79%12/14/201712/15/201712/29/2017
9/5/2017quarterly$0.268.99%9/14/20179/15/20179/29/2017
6/2/2017quarterly$0.268.55%6/14/20176/16/20176/30/2017
3/2/2017quarterly$0.268.48%3/15/20173/17/20173/31/2017
12/2/2016quarterly$0.268.78%12/14/201612/16/201612/30/2016
9/2/2016quarterly$0.268.81%9/14/20169/16/20169/30/2016
6/3/2016quarterly$0.268.99%6/15/20166/17/20166/30/2016
3/2/2016quarterly$0.269.44%3/15/20163/17/20163/31/2016
12/2/2015quarterly$0.269.15%12/15/201512/17/201512/30/2015
9/2/2015quarterly$0.269.55%9/15/20159/17/20159/30/2015
6/2/2015quarterly$0.268.51%6/16/20156/18/20156/30/2015
3/3/2015quarterly$0.268.47%3/17/20153/19/20153/31/2015
12/1/2014quarterly$0.268.34%12/15/201412/17/201412/30/2014
9/3/2014quarterly$0.268.04%9/15/20149/17/20149/30/2014
6/3/2014quarterly$0.268.12%6/16/20146/18/20146/30/2014
3/4/2014quarterly$0.268.3%3/17/20143/19/20143/31/2014
12/2/2013quarterly$0.268.7%12/13/201312/17/201312/27/2013
9/3/2013quarterly$0.268.9%9/16/20139/18/20139/30/2013
(Data available from 1/1/2013 forward)

Insider Trades

Madison Strategic Sector Premium Fund (NYSE MSP) Insider Trading and Institutional Ownership History

Insider Trading History for Madison Strategic Sector Premium Fund (NYSE:MSP)
Insider Trading History for Madison Strategic Sector Premium Fund (NYSE:MSP)

Madison Strategic Sector Premium Fund (NYSE MSP) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
1/24/2018Frank E BurgessDirectorSell1,000$11.92$11,920.00View SEC Filing  
1/18/2018Arthur C ReganDirectorBuy2,000$11.90$23,800.00View SEC Filing  
12/18/2017Richard E StruthersDirectorBuy450$11.47$5,161.50View SEC Filing  
12/1/2017Frank E BurgessDirectorSell5,000$11.70$58,500.00View SEC Filing  
11/16/2017Frank E BurgessDirectorSell7,000$11.64$81,480.00View SEC Filing  
11/10/2017Frank E BurgessDirectorBuy430,000$12.01$5,164,300.00View SEC Filing  
2/11/2016Debbie LewInsiderSell10,000$0.42$4,200.00
11/23/2015Debbie LewInsiderSell10,000$0.38$3,800.00
11/16/2015Debbie LewInsiderSell20,000$0.31$6,200.00
9/11/2015Debbie LewInsiderSell10,000$0.31$3,100.00
2/14/2014Lorence D WheelerDirectorSell1,245$12.12$15,089.40View SEC Filing  
3/14/2013Jay SekelskyVPSell3,386$12.01$40,665.86View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Madison Strategic Sector Premium Fund (NYSE MSP) News Headlines

Source:
DateHeadline
Madison Strategic Sector Premium Fund to Issue Quarterly Dividend of $0.26 (MSP)Madison Strategic Sector Premium Fund to Issue Quarterly Dividend of $0.26 (MSP)
www.americanbankingnews.com - March 2 at 8:30 PM
Madison Strategic Sector Premium Fund (MSP) Announces Quarterly Dividend of $0.26Madison Strategic Sector Premium Fund (MSP) Announces Quarterly Dividend of $0.26
www.americanbankingnews.com - December 4 at 9:10 PM
Karpus Investment Management Announces Successful Results In Its Proxy Contests With The Madison Strategic Sector Premium Fund (MSP)Karpus Investment Management Announces Successful Results In Its Proxy Contests With The Madison Strategic Sector Premium Fund (MSP)
finance.yahoo.com - October 2 at 5:37 PM
Karpus Investment Management Announces Successful Results In Its Proxy Contests With The Madison Strategic ... - PR Newswire (press release)Karpus Investment Management Announces Successful Results In Its Proxy Contests With The Madison Strategic ... - PR Newswire (press release)
www.prnewswire.com - September 30 at 5:24 PM
Madison Strategic Sector Premium Fund (MSP) to Issue Quarterly Dividend of $0.26Madison Strategic Sector Premium Fund (MSP) to Issue Quarterly Dividend of $0.26
www.americanbankingnews.com - September 5 at 9:44 PM
Both Glass Lewis and ISS Support Madison Strategic Sector Premium Fund and Madison Covered Call & Equity Strategy Funds Board Nominees and ReorganizationBoth Glass Lewis and ISS Support Madison Strategic Sector Premium Fund and Madison Covered Call & Equity Strategy Fund's Board Nominees and Reorganization
finance.yahoo.com - August 13 at 1:02 AM
BRIEF-Madison Asset Management provides updates on reorganization of Madison Strategic Sector Premium FundBRIEF-Madison Asset Management provides updates on reorganization of Madison Strategic Sector Premium Fund
www.businessinsider.com - July 9 at 12:05 PM
Closing The Gap At MCN And MSPClosing The Gap At MCN And MSP
seekingalpha.com - February 23 at 6:44 PM
Madison Strategic Sector Premium Fund declares $0.26 dividendMadison Strategic Sector Premium Fund declares $0.26 dividend
seekingalpha.com - December 2 at 6:22 PM
Closed-End Fund Flip-Flops on Shareholder Vote ResultsClosed-End Fund Flip-Flops on Shareholder Vote Results
blogs.barrons.com - September 26 at 6:16 PM
Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tuesday: MSP, ARDC, MCYEx-Dividends To Watch: 3 Stocks Going Ex-Dividend Tuesday: MSP, ARDC, MCY
www.thestreet.com - March 14 at 1:48 PM
James R. Imhoff Jr.James R. Imhoff Jr.
www.bloomberg.com - February 24 at 1:03 PM
Notable Mergers and Acquisitions 2/1: (ABT)/(ALR) (D)/(STR) (MDT) (SYK) (AYA)Notable Mergers and Acquisitions 2/1: (ABT)/(ALR) (D)/(STR) (MDT) (SYK) (AYA)
www.streetinsider.com - February 2 at 11:49 AM

SEC Filings

Madison Strategic Sector Premium Fund (NYSE:MSP) SEC Filings

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Social Media

Financials

Madison Strategic Sector Premium Fund (NYSE:MSP) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Madison Strategic Sector Premium Fund (NYSE MSP) Stock Chart for Sunday, May, 27, 2018

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This page was last updated on 5/27/2018 by MarketBeat.com Staff

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