NYSE · Asset Management · USD

XAI Madison Equity Premium Income Fund (MCN) Stock Analysis

XAI Madison Equity Premium Income Fund (MCN) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

MCN

$5.35

−$0.01 (−0.19%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MCN Key Statistics

As of Oct 21, 2026

Trading

Open: $5.37
Previous Close: $5.36
Day's Range: 5.34–5.40
52-Week Range: 5.18–6.20
Volume: 48.04K
Beta: 0.69

Valuation

Market Cap: $112.32M
P/E Ratio: 18.45
P/S ratio: 31.27
EPS (ttm): 0.29

Financials (FY)

Revenue (FY): $5.72M−63.63%
Net Income (FY): $5.29M−65.40%
Profit margin: 335.05%
Shares Outstanding: 20.99M
1-Year Return: −4.17%

Dividend and dates

Dividend: $0.72+13.43%
Ex-Dividend Date: October 15, 2026
Avg Volume: 56.34K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MCN closed at $5.35, −4.17% over 1 year.

XAI Madison Equity Premium Income Fund (MCN) has a market capitalization of $112.32M.

In fiscal 2024, MCN reported revenue of $5.72M.

MCN Stock Return by Calendar Year

XAI Madison Equity Premium Income Fund (MCN) 10-year return: what $10,000 became

1 year: $10,000 $9,583; −4.17%
5 years: $10,000 $10,914; +9.14%
10 years: $10,000 $19,121; +91.21%

If you had invested $10,000 in XAI Madison Equity Premium Income Fund (MCN) 10 years ago, at the close on October 21, 2016, it would have been worth $19,121 at the close on October 21, 2026: +91.21% in total, +6.70% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−12.05%+29.92%−4.22%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−4.22%
2025	+0.66%
2024	−1.52%
2023	+7.02%
2022	+6.32%
2021	+29.92%
2020	+15.25%
2019	+19.99%
2018	−12.05%
2017	+9.91%
2016 (partial year)	+3.13%

As of October 21, 2026.

MCN Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2021202220232024

Fiscal year	Revenue	Net income	Net margin
2024	$5.72M	$5.29M	92.4%
2023	$15.73M	$15.29M	97.2%
2022	$7.26M	$6.81M	93.8%
2021	$23.05M	$22.57M	97.9%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2024	$5.72M	—	—	$5.29M	92.4%
2023	$15.73M	—	—	$15.29M	97.2%
2022	$7.26M	—	—	$6.81M	93.8%
2021	$23.05M	—	—	$22.57M	97.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2024.

MCN Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.72+0.0% vs 2024

Dividends per share, 2025 · 10 payments

Year	Dividends per share	Payments	Change
2026*	$0.54	9	—
2025	$0.72	10	+0.0%
2024	$0.72	4	+0.0%
2023	$0.72	4	+0.0%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.54	9	—
2025	$0.72	10	+0.0%
2024	$0.72	4	+0.0%
2023	$0.72	4	+0.0%
2022	$0.72	4	+0.0%
2021	$0.72	4	+0.0%
2020	$0.72	4	+0.0%
2019	$0.72	4	+0.0%
2018	$0.72	4	+0.0%
2017	$0.72	4	+300.0%
2016	$0.18	1	—

Most recent payment: $0.06 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MCN Valuation vs Asset Management Median

Median of 512 stocks

Metric	MCN	Asset Management median	vs median
P/E	18.45	9.44	95% above
P/S ratio	31.27	8.59	3.6x the median
Profit margin	335.05%	74.97%	260.1 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values XAI Madison Equity Premium Income Fund (MCN) at $112.32M. It is classified in the Asset Management industry, within the Financial Services sector.

MCN last closed at $5.35 on October 21, 2026. That is −$0.01 (−0.19%) against the previous close. Over the past 52 weeks the price has ranged from $5.18 to $6.20. The latest close sits 3.28% above that 52-week low.

Financial Health

Fiscal 2024 revenue came to $5.72M. Against the prior fiscal year total of $15.73M, that is a change of −63.63%. The same year closed with net income of $5.29M. That is −65.40% against the prior fiscal year. The reported profit margin is 335.05%. That is 260.1 percentage points above the Asset Management median of 74.97%. Trailing earnings per share are 0.29.

Across the 4 fiscal years on file, revenue moves from $23.05M in 2021 to $5.72M in 2024. Of those 4 years, 4 report positive net income.

Valuation Assessment

MCN trades at a trailing price-to-earnings ratio of 18.45. That is 95.44% above the Asset Management median of 9.44. The price-to-sales ratio is 31.27. On price-to-sales that is 3.6 times the Asset Management median of 8.59. The medians here are taken across 512 Asset Management companies that report the metric.

The reported beta is 0.69. Daily returns over the trailing 10 years annualize to a volatility of 18.77%. Over the trailing twelve months the total return is −4.17%. Across 10 years the annualized return works out at +6.70%.

Growth & Income

MCN pays a dividend yielding 13.43%. That is 4.5 percentage points above the Asset Management median yield of 8.91%. At the indicated rate that is $0.72 a share a year. The ex-dividend date on file is October 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.54 a share. The year before, 2025, totalled $0.72 a share.

So far in 2026 the total return is −4.22%. Across the complete calendar years on file, 2021 returned +29.92% and 2018 returned −12.05%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

XAI Madison Equity Premium Income Fund (MCN) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
XAI Madison Equity Premium Income Fund	MCN	$112.32M	18.5
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. XAI Madison Equity Premium Income Fund trades at a P/E of 18.5.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About XAI Madison Equity Premium Income Fund

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.

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