XAI Madison Equity Premium Income Fund
MCNFinancial Services · Stock · monthly payer
$5.83
Add to PortfolioForward Yield
12.35%
Annual Dividend
$0.72
Payout Ratio
232%
5-Yr Growth
-19.7%
Ex-Date
Jun 15, 2026
Frequency
Monthly
MCN Dividend Safety Score
49/ 100
Grade D
Risky
Dividend-growth streak1 consecutive years of growth
Cut historyCut its dividend in 2025
Earnings payout coverage232% of earnings paid out
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is MCN a good dividend stock?
MixedXAI Madison Equity Premium Income Fund (MCN) pays a monthly dividend yielding 12.35% ($0.72/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (232%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 12.35%
- Payout Ratio
- 232%
- Annual Dividend
- $0.72
- 5-Yr Avg Growth
- -19.7%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.68
- Market Cap
- $123.1M
- P/E Ratio
- 18.8
- 5-Yr Total Return
- -28%
- 52-Week Range
- $5.65 – $6.39
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $0.0600 | regular |
| Apr 15, 2026 | — | $0.0600 | regular |
| Mar 16, 2026 | — | $0.0600 | regular |
| Feb 17, 2026 | — | $0.0600 | regular |
| Jan 15, 2026 | — | $0.0600 | regular |
| Dec 15, 2025 | — | $0.0600 | regular |
| Nov 17, 2025 | — | $0.0600 | regular |
| Oct 15, 2025 | — | $0.0600 | regular |
| Sep 16, 2025 | — | $0.0600 | regular |
| Aug 15, 2025 | — | $0.0600 | regular |
| Jul 15, 2025 | — | $0.0600 | regular |
| Jun 16, 2025 | — | $0.0600 | regular |
| May 15, 2025 | — | $0.0600 | regular |
| Apr 15, 2025 | — | $0.0600 | regular |
Income Calculator
At $0.72 / yr per share
Per payment (monthly)$6.00
Annual$72.00
Monthly avg$6.00
