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
Industry Closed End Funds
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Price / SalesN/A
Price / CashN/A
Price / BookN/A
Return on EquityN/A
Return on AssetsN/A
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 announced a quarterly dividend on Friday, March 2nd. Investors of record on Thursday, March 15th will be given a dividend of $0.26 per share on Thursday, March 29th. This represents a $1.04 annualized dividend and a yield of 9.04%. The ex-dividend date of this dividend 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?
Some companies that are related to Madison Strategic Sector Premium Fund include H&T Group (HAT), Voya Asia Pacific High (IAE), Tiziana Life Sciences (TILS), Inland Homes (INL), City of London Investment Group (CLIG), Lok'n Store Group (LOK), Hansard Global (HSD), Record Currency Management (REC), Conygar Investment (CIC), Real Estate Investors (RLE), PCF Group (PCF), Javelin Mortgage Investment (JMI), Malaysia Fund (MAY), Full Circle Capital (FULL), Gresham House (GHE), GLI Finance (GLIF), PowerShares Dynamic Sm. Cap Growth (PXSG) and Belvoir Lettings (BLV).
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 (Age 56)
- Frank E. Burgess, Vice President, Trustee (Age 74)
- Paul A. Lefurgey, Vice President (Age 52)
- Jay R. Sekelsky, Vice President (Age 57)
- Greg D. Hoppe, Treasurer (Age 47)
- Holly S. Baggot, Secretary, Assistant Treasurer (Age 56)
- Philip E. Blake, Independent Trustee (Age 64)
- James R. Imhoff Jr., Independent Trustee (Age 72)
Has Madison Strategic Sector Premium Fund been receiving favorable news coverage?
News headlines about MSP stock have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.23 on Accern's scale. They also gave media stories about the investment management company an impact score of 45.83 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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.
(24.70%). 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.
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 $11.51.
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)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.
Madison Strategic Sector Premium Fund (NYSE:MSP) Analyst Ratings History
No equities research coverage for this company has been tracked by MarketBeat
Earnings History for Madison Strategic Sector Premium Fund (NYSE:MSP)
No earnings announcements for this company have been tracked by MarketBeat.com
Madison Strategic Sector Premium Fund (NYSE:MSP) Earnings Estimates
No earnings estimates for this company have been tracked by MarketBeat.com
Madison Strategic Sector Premium Fund (NYSE:MSP) Dividend Information
|Dividend Growth:||10.10% (3 Year Average)|
Madison Strategic Sector Premium Fund (NYSE:MSP) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Madison Strategic Sector Premium Fund (NYSE MSP) Insider Trading and Institutional Ownership History
Madison Strategic Sector Premium Fund (NYSE MSP) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|1/24/2018||Frank E Burgess||Director||Sell||1,000||$11.92||$11,920.00|| |
|1/18/2018||Arthur C Regan||Director||Buy||2,000||$11.90||$23,800.00|| |
|12/18/2017||Richard E Struthers||Director||Buy||450||$11.47||$5,161.50|| |
|12/1/2017||Frank E Burgess||Director||Sell||5,000||$11.70||$58,500.00|| |
|11/16/2017||Frank E Burgess||Director||Sell||7,000||$11.64||$81,480.00|| |
|11/10/2017||Frank E Burgess||Director||Buy||430,000||$12.01||$5,164,300.00|| |
|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|| |
Madison Strategic Sector Premium Fund (NYSE MSP) News Headlines
Madison Strategic Sector Premium Fund (NYSE:MSP) SEC Filings
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Financials are not available for this stock.
Madison Strategic Sector Premium Fund (NYSE MSP) Stock Chart for Thursday, March, 22, 2018