XAI Madison Equity Premium Income Fund (MCN)Financial Services | Asset Management | Madison, United States | NYSE
5.96 USD
+0.07
(1.191%)
⇧
(April 17, 2026, 1:03 p.m.
EDT)
Short-term: ★★☆☆☆ | Long-term: ★★★☆☆ | Dividends: ★★★★☆ |
Hot Take | April 11, 2026, 2:45 p.m. EDT
The stock has shown mixed short-term momentum, with recent price movements fluctuating around the 5.85 level, slightly below the 50-day average. While the dividend yield is attractive at 12.31%, the payout ratio of 2.32 suggests that the fund may be stretching its resources, which could be a red flag for long-term sustainability. The recent dividends have been consistent at 0.06 per share, but there was a notable increase in March 2025, which may indicate a strategic shift. For short-term traders, the recent price action does not show a clear trend, and the low volume suggests limited liquidity. For long-term investors, the consistent dividend payments and the relatively low price-to-book ratio make it a potentially attractive option, though the payout ratio and revenue growth (negative) should be monitored. Overall, it's a solid dividend play but with some caution needed. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.012960 |
| AutoETS | 0.013069 |
| AutoARIMA | 0.013100 |
| AutoTheta | 0.020984 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.75 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.607 |
| Excess Kurtosis | -0.69 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-04-14 |
| Last Dividend Date | 2026-04-14 |
| Revenue per Share | 0.177 |
| Market Cap | 125,855,664 |
| Trailing P/E | 19.23 |
| Beta | 0.73 |
| Profit Margins | 290.54% |
| Previous Name | Madison Covered Call & Equity Strategy Fund |
| Website | https://www.madisonfunds.com/individual/madison-covered-call-and-equity-strategy-fund |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.02% | 12.58% | 13.11% | 13.50% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-15 | 0.060 | 1.023891 |
| 2026-03-16 | 0.060 | 1.029070 |
| 2026-02-17 | 0.060 | 1.008831 |
| 2026-01-15 | 0.060 | 1.023798 |
| 2025-12-15 | 0.060 | 1.058537 |
| 2025-11-17 | 0.060 | 1.089692 |
| 2025-10-15 | 0.060 | 1.036391 |
| 2025-09-16 | 0.060 | 1.043176 |
| 2025-08-15 | 0.060 | 1.048191 |
| 2025-07-15 | 0.060 | 1.058351 |
| 2025-06-16 | 0.060 | 1.065108 |
| 2025-05-15 | 0.060 | 1.098338 |
| 2025-04-15 | 0.060 | 1.223751 |
| 2025-03-17 | 0.180 | 3.347516 |
| 2024-12-17 | 0.180 | 3.106234 |
| 2024-09-17 | 0.180 | 2.990280 |
| 2024-06-14 | 0.180 | 3.064726 |
| 2024-03-14 | 0.180 | 3.158584 |
| 2023-12-14 | 0.180 | 3.210683 |
| 2023-09-14 | 0.180 | 3.360837 |
| 2023-06-15 | 0.180 | 3.293422 |
| 2023-03-15 | 0.180 | 3.125464 |
| 2022-12-15 | 0.180 | 3.382568 |
| 2022-09-15 | 0.180 | 3.416932 |
| 2022-06-15 | 0.180 | 3.931005 |
| 2022-03-15 | 0.180 | 3.574971 |
| 2021-12-15 | 0.180 | 3.593805 |
| 2021-09-15 | 0.180 | 3.536620 |
| 2021-06-15 | 0.180 | 3.617932 |
| 2021-03-15 | 0.180 | 4.017151 |
| 2020-12-15 | 0.180 | 4.680008 |
| 2020-09-15 | 0.180 | 5.200265 |
| 2020-06-15 | 0.180 | 5.843263 |
| 2020-03-16 | 0.180 | 7.525811 |
| 2019-12-16 | 0.180 | 5.346231 |
| 2019-09-17 | 0.180 | 5.527408 |
| 2019-06-17 | 0.180 | 5.725703 |
| 2019-03-14 | 0.180 | 5.632023 |
| 2018-12-14 | 0.180 | 5.987656 |
| 2018-09-17 | 0.180 | 5.212855 |
| 2018-06-14 | 0.180 | 5.477516 |
| 2018-03-14 | 0.180 | 5.639487 |
| 2017-12-14 | 0.180 | 5.744313 |
| 2017-09-14 | 0.180 | 5.781153 |
| 2017-06-14 | 0.180 | 5.729667 |
| 2017-03-15 | 0.180 | 5.786432 |
| 2016-12-14 | 0.180 | 6.077959 |
| 2016-09-14 | 0.180 | 6.307749 |
| 2016-06-15 | 0.180 | 6.525871 |
| 2016-03-15 | 0.180 | 6.902673 |
| 2015-12-15 | 0.180 | 6.910766 |
| 2015-09-15 | 0.180 | 7.269865 |
| 2015-06-16 | 0.180 | 6.673496 |
| 2015-03-17 | 0.180 | 6.763451 |
| 2014-12-15 | 0.180 | 7.031091 |
| 2014-09-15 | 0.180 | 6.745307 |
| 2014-06-16 | 0.180 | 6.902542 |
| 2014-03-17 | 0.180 | 7.303219 |
| 2013-12-13 | 0.180 | 7.705491 |
| 2013-09-16 | 0.180 | 7.908884 |
| 2013-06-14 | 0.180 | 8.097863 |
| 2013-03-15 | 0.180 | 8.156948 |
| 2012-11-13 | 0.180 | 8.874628 |
| 2012-08-13 | 0.180 | 8.793215 |
| 2012-05-11 | 0.180 | 9.171954 |
| 2012-02-13 | 0.180 | 8.910851 |
| 2011-11-10 | 0.180 | 9.733424 |
| 2011-08-11 | 0.180 | 10.112462 |
| 2011-05-11 | 0.180 | 8.996354 |
| 2011-02-11 | 0.180 | 8.817062 |
| 2010-11-10 | 0.180 | 8.944838 |
| 2010-08-11 | 0.180 | 9.950256 |
| 2010-05-12 | 0.180 | 9.504977 |
| 2010-02-10 | 0.180 | 9.892345 |
| 2009-11-10 | 0.196 | 11.073316 |
| 2009-08-12 | 0.180 | 11.375075 |
| 2009-05-13 | 0.180 | 14.552421 |
| 2009-02-11 | 0.240 | 21.237943 |
| 2008-11-12 | 0.240 | 21.950633 |
| 2008-08-13 | 0.280 | 15.711468 |
| 2008-05-13 | 0.330 | 17.162934 |
| 2008-02-13 | 0.330 | 16.798383 |
| 2007-11-13 | 0.330 | 17.444442 |
| 2007-08-13 | 0.330 | 15.342312 |
| 2007-05-11 | 0.330 | 14.223426 |
| 2007-02-13 | 0.330 | 14.494747 |
| 2006-11-13 | 0.330 | 15.374115 |
| 2006-08-11 | 0.330 | 16.290887 |
| 2006-05-11 | 0.330 | 16.215342 |
| 2006-02-13 | 0.330 | 16.282295 |
| 2005-11-10 | 0.330 | 15.890384 |
| 2005-08-11 | 0.330 | 16.095031 |
| 2005-05-11 | 0.330 | 16.984066 |
| 2005-02-11 | 0.330 | 16.692116 |
| 2004-11-10 | 0.300 | 16.148409 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.12190473 |
| Address1 | 550 Science Drive |
| All Time High | 16.16 |
| All Time Low | 3.5 |
| Ask | 5.96 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 57,680 |
| Average Daily Volume3 Month | 66,709 |
| Average Volume | 66,709 |
| Average Volume10Days | 57,680 |
| Beta | 0.725 |
| Bid | 5.95 |
| Bid Size | 400 |
| Book Value | 6.476 |
| City | Madison |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 5.96 |
| Current Ratio | 0.39 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 5.96 |
| Day Low | 5.91 |
| Dividend Date | 1,546,214,400 |
| Dividend Rate | 0.72 |
| Dividend Yield | 12.22 |
| Earnings Growth | 2.399 |
| Earnings Quarterly Growth | 2.399 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 32.873 |
| Enterprise Value | 123,110,488 |
| Eps Trailing Twelve Months | 0.31 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,776,211,200 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 608-274-7905 |
| Fifty Day Average | 5.9604 |
| Fifty Day Average Change | -0.00040006638 |
| Fifty Day Average Change Percent | -0.00006712072 |
| Fifty Two Week Change Percent | 12.190474 |
| Fifty Two Week High | 6.39 |
| Fifty Two Week High Change | -0.42999983 |
| Fifty Two Week High Change Percent | -0.067292616 |
| Fifty Two Week Low | 5.21 |
| Fifty Two Week Low Change | 0.75 |
| Fifty Two Week Low Change Percent | 0.14395393 |
| Fifty Two Week Range | 5.21 - 6.39 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,091,453,400,000 |
| Five Year Avg Dividend Yield | 10.36 |
| Full Exchange Name | NYSE |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 3,745,053 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.000120000004 |
| Held Percent Institutions | 0.22352 |
| Implied Shares Outstanding | 21,116,722 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Language | en-US |
| Last Dividend Date | 1,776,211,200 |
| Last Dividend Value | 0.06 |
| Last Fiscal Year End | 1,735,603,200 |
| Long Business Summary | 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. |
| Long Name | XAI Madison Equity Premium Income Fund |
| Market | us_market |
| Market Cap | 125,855,664 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_9933853 |
| Most Recent Quarter | 1,759,190,400 |
| Name Change Date | 2,026-04-16 |
| Net Income To Common | 10,880,788 |
| Next Fiscal Year End | 1,767,139,200 |
| Non Diluted Market Cap | 124,377,492 |
| Open | 5.94 |
| Operating Margins | 0.56523 |
| Payout Ratio | 2.3226 |
| Phone | 800-767-0300 |
| Prev Name | Madison Covered Call & Equity Strategy Fund |
| Previous Close | 5.89 |
| Price Hint | 2 |
| Price To Book | 0.9203212 |
| Price To Sales Trailing12 Months | 33.605843 |
| Profit Margins | 2.90538 |
| Quick Ratio | 0.39 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.07000017 |
| Regular Market Change Percent | 1.1914923 |
| Regular Market Day High | 5.96 |
| Regular Market Day Low | 5.91 |
| Regular Market Day Range | 5.91 - 5.96 |
| Regular Market Open | 5.94 |
| Regular Market Previous Close | 5.89 |
| Regular Market Price | 5.96 |
| Regular Market Time | 1,776,445,432 |
| Regular Market Volume | 34,663 |
| Return On Assets | 0.00995 |
| Return On Equity | 0.078889996 |
| Revenue Growth | -0.185 |
| Revenue Per Share | 0.177 |
| Sand P52 Week Change | 0.36506534 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 21,116,722 |
| Shares Percent Shares Out | 0.0014 |
| Shares Short | 30,969 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 16,800 |
| Short Name | Madison Covered Call & Equity S |
| Short Ratio | 0.91 |
| Source Interval | 15 |
| State | WI |
| Symbol | MCN |
| Total Cash | 1,267,003 |
| Total Cash Per Share | 0.06 |
| Total Debt | 0 |
| Total Revenue | 3,745,053 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.72 |
| Trailing Annual Dividend Yield | 0.122241095 |
| Trailing Eps | 0.31 |
| Trailing P E | 19.225807 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 6.06545 |
| Two Hundred Day Average Change | -0.10545015 |
| Two Hundred Day Average Change Percent | -0.01738538 |
| Type Disp | Equity |
| Volume | 34,663 |
| Website | https://www.madisonfunds.com/individual/madison-covered-call-and-equity-strategy-fund |
| Zip | 53,711 |