|Free Dividend Report|
|MCN Dividend History|
|MCN Stock Split History|
|Preferred Stock Newsletter|
|Top Option Ideas|
|Stock Message Boards|
Madison/Claymore Covered Call and Equity Strategy Fund (MCN) has 1 split in our MCN split history database. The split for MCN took place on November 29, 1994. This was a 2 for 1 split, meaning for each share of MCN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Madison/Claymore Covered Call and Equity Strategy Fund splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MCN split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Madison/Claymore Covered Call and Equity Strategy Fund shares, starting with a $10,000 purchase of MCN, presented on a split-history-adjusted basis factoring in the complete MCN split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||9.40%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||6.16%|
|About Madison/Claymore Covered Call and Equity Strategy Fund|
|Madison Covered Call & Equity Strategy Fund is registered as 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.current income and current gains According to our MCN split history records, Madison/Claymore Covered Call and Equity Strategy Fund has had 1 split.|
|MCN Split History Table|
|11/29/1994||2 for 1|
|Financials Stock Splits|
|MCN is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
MCY Split History
Free MCN Email Alerts: