MCN is Madison Covered Call & Equity S (Financial Services). Trading at $5.83. Current dividend yield: 12.35%.
Dividend snapshot
| Annual dividend rate | $0.72 |
| Current yield | 12.35% |
| Payment frequency | Monthly |
| Next ex-dividend date | May 15, 2026 |
| Most recent payment date | May 15, 2026 |
| Last payment amount | $0.0600 |
| 5-year dividend CAGR | 0.00% |
| 3-year dividend CAGR | 0.00% |
| Payout ratio | 232% |
| Market cap | $124M |
| Exchange | NYQ |
Recent dividend payments
| Date | Amount / share |
|---|---|
| 2026-05-15 | $0.0600 |
| 2026-04-15 | $0.0600 |
| 2026-03-16 | $0.0600 |
| 2026-02-17 | $0.0600 |
| 2026-01-15 | $0.0600 |
| 2025-12-15 | $0.0600 |
| 2025-11-17 | $0.0600 |
| 2025-10-15 | $0.0600 |
About MCN
XAI Madison Equity Premium Income 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. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. XAI Madison Equity Premium Income Fund was formed on May 6, 2004 and is domiciled in the United States.
Track MCN in DiviDrip
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Data refreshed 2026-05-23. Not investment advice. Yields and prices change continuously; always verify the latest numbers in the live app before buying.