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Madison Covrd Call & Eqt Strtg Fd (Madison Covrd Call & Eqt Strtg Fd) Dividend Yield % : 9.96% (As of May. 11, 2024)


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What is Madison Covrd Call & Eqt Strtg Fd Dividend Yield %?

As of today (2024-05-11), the Trailing Annual Dividend Yield of Madison Covrd Call & Eqt Strtg Fd is 9.96%.

The historical rank and industry rank for Madison Covrd Call & Eqt Strtg Fd's Dividend Yield % or its related term are showing as below:

MCN' s Dividend Yield % Range Over the Past 10 Years
Min: 8.52   Med: 9.94   Max: 17.06
Current: 9.96

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%.

MCN's Dividend Yield % is ranked better than
82.22% of 1215 companies
in the Asset Management industry
Industry Median: 5.57 vs MCN: 9.96

Madison Covrd Call & Eqt Strtg Fd's Dividend Payout Ratio for the six months ended in Dec. 2023 was 1.57.

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.

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.

As of today (2024-05-11), the Forward Dividend Yield % of Madison Covrd Call & Eqt Strtg Fd is 9.96%.

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

The growth rate is calculated with least square regression.

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


Madison Covrd Call & Eqt Strtg Fd Dividend Yield % Historical Data

The historical data trend for Madison Covrd Call & Eqt Strtg Fd's Dividend Yield % can be seen below:

* 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.

* Premium members only.

Madison Covrd Call & Eqt Strtg Fd Dividend Yield % Chart

Madison Covrd Call & Eqt Strtg Fd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial 10.86 10.67 8.98 9.24 9.56

Madison Covrd Call & Eqt Strtg Fd Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.98 10.62 9.24 9.73 9.56

Competitive Comparison of Madison Covrd Call & Eqt Strtg Fd's Dividend Yield %

For the Asset Management subindustry, Madison Covrd Call & Eqt Strtg Fd's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Madison Covrd Call & Eqt Strtg Fd's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Madison Covrd Call & Eqt Strtg Fd's Dividend Yield % falls into.



Madison Covrd Call & Eqt Strtg Fd Dividend Yield % Calculation

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 Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.72/7.23
=9.96 %

Current Share Price is $7.23.
Madison Covrd Call & Eqt Strtg Fd's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.72.

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

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.72/7.23
=9.96 %

Current Share Price is $7.23.
Madison Covrd Call & Eqt Strtg Fd's Dividends per Share for the forward twelve months is calculated as $0.18 * 4 = $0.72.

* 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  (NYSE:MCN) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Madison Covrd Call & Eqt Strtg Fd Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Madison Covrd Call & Eqt Strtg Fd's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


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