Madison Covrd Call & Eqt Strtg Fd (Madison Covrd Call & Eqt Strtg Fd) Dividend Payout Ratio : 1.57 (As of Dec. 2023)

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What is Madison Covrd Call & Eqt Strtg Fd Dividend Payout Ratio?

Madison Covrd Call & Eqt Strtg Fd's dividend payout ratio for the 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.

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

MCN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.11 Max: 2.25
Current: 0.99

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.

MCN's Dividend Payout Ratio is ranked worse than
62.59% of 949 companies
in the Asset Management industry
Industry Median: 0.8 vs MCN: 0.99

As of today (2024-05-24), the Dividend Yield % of Madison Covrd Call & Eqt Strtg Fd is 9.87%.

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

Madison Covrd Call & Eqt Strtg Fd's Dividends per Share for the 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 Payout Ratio Historical Data

The historical data trend for Madison Covrd Call & Eqt Strtg Fd's Dividend Payout Ratio 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 Payout Ratio Chart

Madison Covrd Call & Eqt Strtg Fd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.62

1.57

0.67

2.25

0.99

Madison Covrd Call & Eqt Strtg Fd Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial								18.00	-	0.51	0.72	1.57

Competitive Comparison of Madison Covrd Call & Eqt Strtg Fd's Dividend Payout Ratio

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

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

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

Madison Covrd Call & Eqt Strtg Fd Dividend Payout Ratio Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.72	/	0.73
	=	0.99

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

Madison Covrd Call & Eqt Strtg Fd (NYSE:MCN) Dividend Payout Ratio Explanation

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.

Madison Covrd Call & Eqt Strtg Fd Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Madison Covrd Call & Eqt Strtg Fd's Dividend Payout Ratio 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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Madison Covrd Call & Eqt Strtg Fd (NYSE:MCN) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Science Drive, Madison, WI, USA, 53711

Website

https://www.madisonfunds.com

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