STOCK TITAN

Madison Covered Call & Equity Strategy Fund - MCN STOCK NEWS

Welcome to our dedicated page for Madison Covered Call & Equity Strategy Fund news (Ticker: MCN), a resource for investors and traders seeking the latest updates and insights on Madison Covered Call & Equity Strategy Fund stock.

The Madison Covered Call & Equity Strategy Fund (NYSE: MCN) is a diversified, closed-end management investment company. Its primary objective is to offer a high level of current income and gains, while its secondary aim is long-term capital appreciation. The Fund achieves these goals by investing in large and mid-capitalization common stocks across diversified sectors including consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, utilities, and money market funds.

MCN utilizes an options strategy, primarily through writing covered call options, to generate current income and gains from option premiums and dividends. This strategy aims to provide a consistent return, balancing the potential for capital appreciation with risk management to protect against market volatility.

Recent updates include the Fund's quarterly dividend declaration of $0.18 per share, payable on December 29, 2023, to shareholders of record as of December 15, 2023. The Fund continues to be guided by Madison's

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.1%
Tags
dividends
-
Rhea-AI Summary

The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) has announced its quarterly dividend of $0.18 per share, payable on March 31, 2023, to shareholders of record on March 16, 2023. The ex-dividend date is set for March 15, 2023. This Fund aims to achieve high current income and capital gains by investing in common stocks and employing a covered call option strategy. The Fund's performance may depend on market conditions and changes in total assets, impacting future dividend prospects. Further details can be found on the Fund's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
dividends
-
Rhea-AI Summary

The Madison Covered Call and Equity Strategy Fund (NYSE: MCN) has declared a quarterly dividend of $0.18 per share, payable on December 29, 2022, to shareholders on record as of December 16, 2022. The ex-dividend date is set for December 15, 2022. The Fund aims to generate a high level of current income and capital gains, primarily by writing covered call options on its stock portfolio. However, future dividends may vary based on market conditions and the Fund's total assets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
Tags
dividends
Rhea-AI Summary

The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) has declared a quarterly dividend of $0.18 per share, payable on September 30, 2022, to shareholders of record on September 16, 2022. The ex-dividend date is September 15, 2022. This fund aims for high current income and capital gains through a strategy of investing in common stocks and writing covered call options. It's important to note that market conditions can influence future dividend distributions, reflecting the fund's total assets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
dividends
-
Rhea-AI Summary

The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) announced an administrative error leading to an overstatement of its Net Asset Value (NAV) by $0.04 for the period of June 15-21, 2022. The correct NAV values were lower than previously reported, with significant adjustments seen on June 15, 16, 17, and 21. The Fund aims to generate high current income and gains via covered call options and dividends. Market fluctuations can affect future dividend prospects. The Fund’s filings with the SEC disclose risk factors that may impact actual results versus projections.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
none
-
Rhea-AI Summary

The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) has declared a quarterly dividend of $0.18 per share. This dividend will be payable on June 30, 2022, to shareholders of record as of June 16, 2022, with an ex-dividend date of June 15, 2022. The Fund aims for high current income and capital gains, primarily through investing in common stocks and writing covered call options. However, the Fund’s future dividends may fluctuate based on market conditions and total asset levels.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
dividends
Rhea-AI Summary

The Madison Covered Call and Equity Strategy Fund (MCN) has declared a quarterly dividend of $0.18 per share. This dividend will be payable on March 31, 2022, to shareholders on record as of March 16, 2022, with the ex-dividend date set for March 15, 2022. MCN's investment objective focuses on achieving a high level of current income and capital gains by investing in common stocks and employing an option strategy, primarily through covered calls. Market fluctuations can influence future dividend prospects.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
dividends
-
Rhea-AI Summary

Madison Investments has appointed Tom Nolte as the new Director of Institutional Business, aiming to enhance its brand among institutional investors in the U.S. Nolte brings over 25 years of experience, previously serving at BMO Global Asset Management and Strong Capital Management. Madison Investments, founded in 1974, manages approximately $25 billion in client assets and focuses on diverse investment strategies, including Fixed Income and U.S. Equity. This leadership addition is expected to strengthen Madison's institutional capabilities and outreach.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
none
-
Rhea-AI Summary

Madison Investments announced the launch of the Madison Sustainable Equity Fund, aimed at long-term capital appreciation through investments in large-cap companies that prioritize sustainability. Managed by Maya Bittar and Dave Geisler, the fund leverages their 52 years of combined experience in sustainability-focused investment strategies. Madison has also signed the UN Principles for Responsible Investment, reinforcing its commitment to environmental, social, and governance factors in investment decisions. The fund offers class Y (MFSYX) and class I shares (MFSIX) with minimum investments of $1,000 and $250,000, respectively.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) has declared a quarterly dividend of $0.18 per share, payable on December 30, 2021, to shareholders of record as of December 16, 2021. The ex-dividend date is set for December 15, 2021. The Fund aims to generate current income and capital gains through investments in common stocks and by writing covered call options. Market conditions can significantly influence future dividend prospects.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
dividends

FAQ

What is the current stock price of Madison Covered Call & Equity Strategy Fund (MCN)?

The current stock price of Madison Covered Call & Equity Strategy Fund (MCN) is $7.02 as of November 20, 2024.

What is the market cap of Madison Covered Call & Equity Strategy Fund (MCN)?

The market cap of Madison Covered Call & Equity Strategy Fund (MCN) is approximately 148.1M.

Madison Covered Call & Equity Strategy Fund

NYSE:MCN

MCN Rankings

MCN Stock Data

148.14M
21.09M
16.89%
0.17%
Asset Management
Financial Services
Link
United States of America
Madison