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Madison Covered Call & Equity Strategy Fund NYSE:MCN Stock Report

Last Price

US$7.39

Market Cap

US$155.7m

7D

0.7%

1Y

-3.5%

Updated

18 Mar, 2024

Data

Company Financials

Madison Covered Call & Equity Strategy Fund

NYSE:MCN Stock Report

Market Cap: US$155.7m

MCN Stock Overview

Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc.

MCN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

Madison Covered Call & Equity Strategy Fund Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Madison Covered Call & Equity Strategy Fund
Historical stock prices
Current Share PriceUS$7.39
52 Week HighUS$8.60
52 Week LowUS$6.69
Beta0.82
1 Month Change-0.94%
3 Month Change3.79%
1 Year Change-3.52%
3 Year Change-1.60%
5 Year Change10.79%
Change since IPO-50.73%

Recent News & Updates

MCN: A Fund For Investors Looking To Value And High Yield

Jan 12

MCN: Suitability Depends On Your View Of The Market

Dec 19

MCN: This Covered Call Fund Is Getting Much More Attractive

Oct 12

MCN: A Very Good Fund, But The Premium Is Irritating

Aug 08

Recent updates

MCN: A Fund For Investors Looking To Value And High Yield

Jan 12

MCN: Suitability Depends On Your View Of The Market

Dec 19

MCN: This Covered Call Fund Is Getting Much More Attractive

Oct 12

MCN: A Very Good Fund, But The Premium Is Irritating

Aug 08

MCN: Good Strategy But Marred By Overdistributing And Expensive Price

Dec 14

MCN: A Covered Call Writing Fund For The Watchlist

Aug 30

MCN: Actively Managed Buy-Write CEF, 9.27% Yield

Apr 15

MCN: Great Yield But Richly Valued

Oct 28

MCN: An Underfollowed CEF With A Fantastic Yield

Jul 12

Madison Covered Call & Equity Strategy Fund declares $0.18 dividend

Jun 01

Madison Covered Call & Equity Strategy Fund declares $0.18 dividend

Dec 01

Shareholder Returns

MCNUS Capital MarketsUS Market
7D0.7%-0.9%0.5%
1Y-3.5%30.5%29.0%

Return vs Industry: MCN underperformed the US Capital Markets industry which returned 30.8% over the past year.

Return vs Market: MCN underperformed the US Market which returned 28.4% over the past year.

Price Volatility

Is MCN's price volatile compared to industry and market?
MCN volatility
MCN Average Weekly Movement2.2%
Capital Markets Industry Average Movement3.3%
Market Average Movement6.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: MCN has not had significant price volatility in the past 3 months.

Volatility Over Time: MCN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aKevin Robinsonhttps://www.madisonfunds.com/individual/madison-covered-call-and-equity-strategy-fund

Madison Covered Call & Equity Strategy 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.

Madison Covered Call & Equity Strategy Fund Fundamentals Summary

How do Madison Covered Call & Equity Strategy Fund's earnings and revenue compare to its market cap?
MCN fundamental statistics
Market capUS$155.65m
Earnings (TTM)US$15.29m
Revenue (TTM)US$4.14m

10.2x

P/E Ratio

37.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MCN income statement (TTM)
RevenueUS$4.14m
Cost of RevenueUS$0
Gross ProfitUS$4.14m
Other Expenses-US$11.15m
EarningsUS$15.29m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin100.00%
Net Profit Margin369.20%
Debt/Equity Ratio0%

How did MCN perform over the long term?

See historical performance and comparison

Dividends

9.7%

Current Dividend Yield

99%

Payout Ratio
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.