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Madison Covrd Call & Eqt Strtg Fd (Madison Covrd Call & Eqt Strtg Fd) 3-Year Dividend Growth Rate : 0.00% (As of Dec. 2023)


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What is Madison Covrd Call & Eqt Strtg Fd 3-Year Dividend Growth Rate?

Madison Covrd Call & Eqt Strtg Fd's Dividends per Share for the six months ended in Dec. 2023 was $0.36.

The historical rank and industry rank for Madison Covrd Call & Eqt Strtg Fd's 3-Year Dividend Growth Rate or its related term are showing as below:

MCN's 3-Year Dividend Growth Rate is not ranked *
in the Asset Management industry.
Industry Median: 1.8
* Ranked among companies with meaningful 3-Year Dividend Growth Rate only.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Madison Covrd Call & Eqt Strtg Fd's Dividend Payout Ratio for the six months ended in Dec. 2023 was 1.57. As of today, Madison Covrd Call & Eqt Strtg Fd's Dividend Yield % is 9.91%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Madison Covrd Call & Eqt Strtg Fd is 0.99, which seems too high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Madison Covrd Call & Eqt Strtg Fd's 3-Year Dividend Growth Rate

For the Asset Management subindustry, Madison Covrd Call & Eqt Strtg Fd's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Madison Covrd Call & Eqt Strtg Fd's 3-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Madison Covrd Call & Eqt Strtg Fd's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Madison Covrd Call & Eqt Strtg Fd's 3-Year Dividend Growth Rate falls into.



Madison Covrd Call & Eqt Strtg Fd 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Madison Covrd Call & Eqt Strtg Fd  (NYSE:MCN) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Madison Covrd Call & Eqt Strtg Fd's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.36/ 0.23
=1.57

During the past 7 years, the highest Dividend Payout Ratio of Madison Covrd Call & Eqt Strtg Fd was 2.25. The lowest was 0.62. And the median was 1.11.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Madison Covrd Call & Eqt Strtg Fd is 0.99, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Madison Covrd Call & Eqt Strtg Fd Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1800002024-03-142024-03-152024-03-28Cash DividendquarterlyUSD:USD 1.000000
USD 0.1800002023-12-142023-12-152023-12-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1800002023-09-142023-09-152023-09-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1800002023-06-152023-06-162023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Madison Covrd Call & Eqt Strtg Fd's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.72/7.26
=9.92 %

Current Share Price is $7.26.
Madison Covrd Call & Eqt Strtg Fd's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.72.

During the past 7 years, the highest Dividend Yield of Madison Covrd Call & Eqt Strtg Fd was 17.06%. The lowest was 8.52%. And the median was 9.94%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Madison Covrd Call & Eqt Strtg Fd 3-Year Dividend Growth Rate Related Terms>


Madison Covrd Call & Eqt Strtg Fd (Madison Covrd Call & Eqt Strtg Fd) Business Description

Traded in Other Exchanges
N/A
Address
550 Science Drive, Madison, WI, USA, 53711
Madison Covrd Call & Eqt Strtg Fd is a diversified, closed-end management investment company. The primary objective is to provide a high level of current income and current gains. Its secondary objective is to achieve long-term capital appreciation. The fund seeks to achieve its objectives by investing primarily in large and mid-capitalization common stocks. Its portfolio of investments consists of different sectors investment such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, utilities, exchange-traded funds, U.S. government and agency obligations, and money market funds.
Executives
Jill M Friedow director 550 SCIENCE DR, MADISON WI 53711
Imhoff James R Jr other: Former Director 550 SCIENCE DRIVE, MADISON WI 53711
Scott C Jones director C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Patrick F Ryan officer: President MADISON ASSET MANAGEMENT, LLC, 550 SCIENCE DRIVE, MADISON WI 53711
Steven J Fredricks officer: CCO MADISON ASSET MANAGEMENT, LLC, 550 SCIENCE DRIVE, MADISON WI 53711
Richard E Struthers director 2340 WEST COUNTY ROAD C, SAINT PAUL MN 55113-2528
Kevin S Thompson officer: Chief Legal Officer MADISON ASSET MANAGEMENT, LLC, 550 SCIENCE DRIVE, MADISON WI 53711
George W Karpus 10 percent owner
Karpus Management, Inc. 10 percent owner 183 SULLY'S TRAIL, PITTSFORD NY 14534
Steven Paul Riege director 11613 N LAFAYETTE PLACE, MEQUON WI 53092
Lisa R Lange officer: CCO MADISON ASSET MANAGEMENT, LLC, 550 SCIENCE DRIVE, MADISON WI 53711
Pamela Marie Krill officer: CLO and General Counsel 550 SCIENCE DRIVE, MADISON WI 53562
Holly S Baggot officer: Secretary and Asst Treasurer 550 SCIENCE DRIVE, MADISON WI 53711
Paul Anthony Lefurgey officer: Vice President 1817 AUTUMN HILL DRIVE, VERONA WI 53593
Wayne Richard Mason officer: CCO 2002 E PALMAIRE AVE, PHOENIX AZ 85020

Madison Covrd Call & Eqt Strtg Fd (Madison Covrd Call & Eqt Strtg Fd) Headlines