Madison Strategic Sector Premium Fund common stock (NYSE:MSP) declared a quarterly dividend on Wednesday, September 5th, Wall Street Journal reports. Shareholders of record on Tuesday, September 18th will be given a dividend of 0.26 per share by the investment management company on Friday, September 28th. This represents a $1.04 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date of this dividend is Monday, September 17th.
Madison Strategic Sector Premium Fund common stock has increased its dividend payment by an average of 10.1% annually over the last three years.
MSP stock traded down $0.09 during trading hours on Wednesday, reaching $11.89. 15,050 shares of the stock were exchanged, compared to its average volume of 11,034. Madison Strategic Sector Premium Fund common stock has a 12 month low of $10.72 and a 12 month high of $12.16.
Madison Strategic Sector Premium Fund common stock Company Profile
Madison Strategic Sector Premium 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.
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