SmarterDividends
MCN

XAI Madison Equity Premium Income Fund (MCN) Dividend

XAI Madison Equity Premium Income Fund · Financial Services · Asset Management · monthly payer

$5.37

Undervalued · +37% Add to Portfolio

As of Nov 5, 2026, XAI Madison Equity Premium Income Fund (MCN) pays a monthly dividend of $0.06 per share, or $0.72 a year, a 13.33% yield at its $5.37 share price. The next ex-dividend date is Nov 16, 2026, paid Nov 30, 2026. It has a dividend safety grade of B.

Forward Yield

13.33%

Annual Dividend

$0.72

Payout Ratio

245%

5-Yr Growth

-19.7%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about MCN's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, XAI Madison Equity Premium Income Fund (MCN) has a forward dividend yield of 13.33%, based on an annual dividend of $0.72 per share and a share price of $5.37.
  • As of Nov 5, 2026, MCN's dividend safety grade from SmarterDividends is B (75 out of 100), which rates the dividend as safe.
  • MCN last cut its regular dividend in 2010.
  • MCN's next ex-dividend date is Nov 16, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 5, 2026, MCN pays out 245% of its trailing 12-month earnings as dividends (its payout ratio).
  • MCN's dividend has shrunk at an average rate of 19.7% a year over the past five years.
  • As of Nov 5, 2026, MCN's 13.33% yield is 33% above its five-year average yield of 10.04%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for MCN is $7.35 per share, 37% above the $5.37 share price, so MCN screens as undervalued.
  • XAI Madison Equity Premium Income Fund (MCN) pays its dividend monthly, 12 times a year.
  • XAI Madison Equity Premium Income Fund (MCN) has raised its regular dividend 2 times and cut it 5 times across the 101 payments on record since 2004. Its most recent change was a 66.7% cut to $0.0600 per share, going ex-dividend on Apr 15, 2025.
Cite this page

SmarterDividends, "MCN Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/MCN

Is MCN a good dividend stock?

Yes

XAI Madison Equity Premium Income Fund (MCN) pays a monthly dividend yielding 13.33% ($0.72/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

    Risks

    • Cut its dividend in 2010
    • Elevated payout ratio (245%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    13.33%
    Payout Ratio
    245%
    Annual Dividend
    $0.72
    5-Yr Avg Growth
    -19.7%
    Ex-Dividend Date
    Nov 16, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.69
    Market Cap
    $112.8M
    P/E Ratio
    18.5
    5-Yr Total Return
    -31%
    52-Week Range
    $5.18 – $6.20
    Dividend Safety
    B · 75/100
    Ever Cut?
    Yes (2010)

    MCN dividend raises and cuts

    XAI Madison Equity Premium Income Fund (MCN) has raised its regular dividend 2 times and cut it 5 times across the 101 payments on record since 2004. Its most recent change was a 66.7% cut to $0.0600 per share, going ex-dividend on Apr 15, 2025.

    Ex-dateChangeOld → newMove
    Apr 15, 2025Cut$0.180 → $0.0600−66.7%
    Feb 10, 2010Cut$0.196 → $0.180−8.2%
    Nov 10, 2009Raise$0.180 → $0.196+8.9%
    May 13, 2009Cut$0.240 → $0.180−25.0%
    Nov 12, 2008Cut$0.280 → $0.240−14.3%
    Aug 13, 2008Cut$0.330 → $0.280−15.2%
    Feb 11, 2005Raise$0.300 → $0.330+10.0%
    Every MCN payment →Download every raise and cut (CSV)
    MCN ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →MCN dividend historyEvery payment, totals by year, raises and cutsView →MCN dividend calculator100 shares pay $72.00 a year, $6.00 each monthCalculate →MCN total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is MCN a good dividend stock?

    Yes. XAI Madison Equity Premium Income Fund (MCN) pays a monthly dividend yielding 13.33% ($0.72/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

    Is MCN undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MCN's fair value is about $7.35 versus a $5.37 share price — so it looks undervalued (+37% vs. fair value).

    Is MCN's dividend safe?

    MCN has a dividend-safety grade of B (75/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2010, debt and yield-versus-history.

    What is MCN's fair value?

    Our blended fair-value estimate for MCN is about $7.35 per share, roughly 37% above the current $5.37 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is MCN a buy, hold, or sell?

    We don't issue formal ratings, but on the data MCN screens as "yes" and undervalued. XAI Madison Equity Premium Income Fund (MCN) pays a monthly dividend yielding 13.33% ($0.72/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

    Will MCN cut its dividend?

    MCN earns a dividend-safety grade of B (75/100), and has cut its dividend before (last in 2010). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does MCN pay a dividend?

    Yes. XAI Madison Equity Premium Income Fund pays a monthly dividend of about $0.72 per share annually, a forward yield of roughly 13.33%.

    How much dividend does 100 shares of MCN pay?

    At $0.72 per share a year, 100 shares of MCN pay $72.00 a year in dividends before tax, about $6.00 each month. Buying them costs about $537 at the Nov 5, 2026 price.

    What is MCN's dividend yield?

    As of Nov 5, 2026, MCN's forward dividend yield is 13.33%, based on a $0.72 annual dividend and a $5.37 share price.

    What is MCN's dividend per share?

    As of Nov 5, 2026, MCN pays $0.72 per share per year, distributed on a monthly basis.

    What is MCN's dividend payout ratio?

    As of Nov 5, 2026, MCN's payout ratio is 245% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has MCN grown its dividend?

    MCN does not currently have a long dividend-growth streak on record.

    When is the next MCN ex-dividend date?

    As of Nov 5, 2026, the next ex-dividend date on record for MCN is Nov 16, 2026.

    Income Calculator

    At $0.72 / yr per share

    Per payment (monthly)$6.00
    Annual$72.00
    Monthly avg$6.00
    Full MCN dividend calculator →

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