Madison/Claymore Covered Call & Equity Strategy Fund About To Put More Money In Your Pocket (MCN)

Looking at the universe of stocks we cover at Dividend Channel, on 9/15/14, Madison/Claymore Covered Call & Equity Strategy Fund ( MCN) will trade ex-dividend, for its quarterly dividend of $0.18, payable on 9/30/14. As a percentage of MCN's recent stock price of $8.74, this dividend works out to approximately 2.06%, so look for shares of Madison/Claymore Covered Call & Equity Strategy Fund to trade 2.06% lower — all else being equal — when MCN shares open for trading on 9/15/14.

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Below is a dividend history chart for MCN, showing historical dividends prior to the most recent $0.18 declared by Madison/Claymore Covered Call & Equity Strategy Fund:

MCN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MCN is likely to continue, and whether the current estimated yield of 8.24% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MCN shares, versus its 200 day moving average:

Madison/Claymore Covered Call & Equity Strategy Fund 200 Day Moving Average Chart

Looking at the chart above, MCN's low point in its 52 week range is $7.91 per share, with $8.99 as the 52 week high point — that compares with a last trade of $8.74.

In Thursday trading, Madison/Claymore Covered Call & Equity Strategy Fund shares are currently off about 0.1% on the day.

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