Madison Strategic Sector Premium Fund (NYSE:MSP) announced a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.26 per share by the investment management company on Friday, December 29th. This represents a $1.04 annualized dividend and a dividend yield of 8.79%. The ex-dividend date is Thursday, December 14th.
Madison Strategic Sector Premium Fund (NYSE:MSP) traded up $0.16 during mid-day trading on Monday, hitting $11.83. 26,900 shares of the company traded hands, compared to its average volume of 12,990. Madison Strategic Sector Premium Fund has a 52 week low of $11.29 and a 52 week high of $12.42.
In related news, Director Frank E. Burgess sold 7,000 shares of Madison Strategic Sector Premium Fund stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $11.64, for a total transaction of $81,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank E. Burgess sold 5,000 shares of Madison Strategic Sector Premium Fund stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $11.70, for a total transaction of $58,500.00. The disclosure for this sale can be found here.
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Madison Strategic Sector Premium Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The Fund focuses on pursuing its investment objectives by investing primarily in large and mid-capitalization common stocks.
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