Madison Covered Call & Equity Strtgy Fd (NYSE:MCN)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.61 and traded as low as $6.55. Madison Covered Call & Equity Strtgy Fd shares last traded at $6.60, with a volume of 4,936 shares changing hands.
The company’s 50 day simple moving average is $6.40 and its 200 day simple moving average is $6.61.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.72 annualized dividend and a yield of 10.93%.
Madison Covered Call & Equity Strtgy Fd Company Profile (NYSE:MCN)
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.
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