Madison Dividend Income Fund invests in a diversified portfolio of dividend-paying stocks, with the goal of producing current income while providing an opportunity for capital appreciation.

The fund focuses on large companies whose stocks have a market capitalization exceeding $1 billion. Under normal conditions at least 80% of the fund’s assets will be invested in dividend paying securities. These securities are chosen for having a current yield exceeding the S&P 500’s average yield, strong fundamentals including an attractive balance sheet, and reasonable valuations at the time of purchase. A key attraction for management is a company with a history of increasing dividend payments in the past, and a business model which supports the possibility of continuing these increases in the future.

This fund’s investment strategy reflects the adviser’s general “Participate and Protect®” investment philosophy. The adviser’s expectation is that investors in the fund will participate in market appreciation during bull markets and be protected during bear markets compared with investors in portfolios holding more speculative and volatile securities, although there is no assurance that this expectation will be realized.

Links to other Madison Funds information:
Daily Price Summary
Performance Summary (PDF)
Prospectus and Financial Reports
Account Applications and Forms
Tax Information