Madison Covered Call & Equity Strategy Stock Dividends
MCN pays dividends quarterly. Last paid amount was $0.180 at Mar 28, 2024. As of today, dividend yield (TTM) is 9.83%.
Dividend Yield Range
AI Analysis of MCN
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 9.83% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 0% |
| Payout Ratio | 0 |
| Amount Per Share | $0.180 |
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Madison Covered Call & Equity Strategy Fund has not yet announced its next dividend date. Last payment date was: Mar 28, 2024.
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MCN Dividend Payout History
To ensure a understanding of MCN's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.180 | 2.46% |
| 2 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.180 | 2.39% |
| 3 | Sep 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.180 | 2.55% |
| 4 | Jun 01, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.180 | 2.43% |
| 5 | Mar 01, 2023 | Mar 15, 2023 | Dec 31, 2018 | $0.180 | 2.92% |
| 6 | Dec 01, 2022 | Dec 15, 2022 | Dec 29, 2022 | $0.180 | 2.31% |
| 7 | Sep 01, 2022 | Sep 15, 2022 | Sep 30, 2022 | $0.180 | 2.79% |
| 8 | Jun 01, 2022 | Jun 15, 2022 | Jun 30, 2022 | $0.180 | 2.65% |
| 9 | Mar 01, 2022 | Mar 15, 2022 | Mar 31, 2022 | $0.180 | 2.27% |
| 10 | Dec 01, 2021 | Dec 15, 2021 | Dec 30, 2021 | $0.180 | 2.25% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Growth potential
MCN Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from MCN dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in MCN stock here.
Comparing MCN to Sector and Country
MCN pays a solid dividend yield of 9.83%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.85%). MCN’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (11.07%), which means that there are more attractive dividend stocks to consider.
MCN Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| Madison Covered Call & Equity Strategy Fund | 148.3M | $0.180 | 9.83% | - | |
| Voya Global Advantage and Premium Opportunity Fund | 161.974M | $0.197 | 9.37% | - | |
| Western Asset Bond Fund | 126.697M | $0.0700 | 7.77% | 51.26% | |
| Colonial High Income Municipal Trust | 110.971M | $0.0150 | 4.65% | 135.90% |
