News stories about Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Madison Covered Call & Equity Strtgy Fd earned a news impact score of 0.31 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 46.5008918366394 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Madison Covered Call & Equity Strtgy Fd (MCN) remained flat at $7.86 during trading on Tuesday. 32,582 shares of the company’s stock were exchanged. Madison Covered Call & Equity Strtgy Fd has a 12-month low of $7.46 and a 12-month high of $8.21. The stock’s 50 day moving average is $7.76 and its 200-day moving average is $7.89.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.18 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.72 annualized dividend and a yield of 9.16%.
Madison 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.
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