Madison Dividend Income Fund (MDMIX)
| Fund Assets | 87.73M |
| Expense Ratio | 0.81% |
| Min. Investment | $250,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 3.05 |
| Dividend Yield | 11.39% |
| Dividend Growth | -14.52% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 26.78 |
| YTD Return | 10.07% |
| 1-Year Return | 12.66% |
| 5-Year Return | 32.68% |
| 52-Week Low | 24.33 |
| 52-Week High | 27.51 |
| Beta (5Y) | n/a |
| Holdings | 37 |
| Inception Date | Aug 31, 2020 |
About MDMIX
Madison Dividend Income Fund Class I is a mutual fund specializing in equity investments focused on generating consistent current income and pursuing capital appreciation. Its primary purpose is to invest in a diversified portfolio of dividend-paying companies with strong balance sheets and a proven history of maintaining or increasing dividends. The fund typically selects companies with market capitalizations exceeding $1 billion and seeks stocks offering a dividend yield at least as high as that of the S&P 500 Index. By targeting firms that trade at attractive historical dividend yields—often due to temporary issues—the fund aims to capture both reliable income and value-driven growth potential. Under normal market conditions, at least 80% of assets are allocated to dividend-paying equities, though the fund retains flexibility to invest a portion in investment-grade fixed income securities and foreign equities, including emerging markets. Managed by Madison Asset Management, the fund employs a conservative investment philosophy described as “Participate and Protect®,” aiming to participate in market upswings while mitigating downside risk during volatile periods. The Madison Dividend Income Fund Class I is positioned as a solution for investors seeking above-market dividend yields and exposure to high-quality companies, serving a vital role in portfolios seeking income, stability, and moderate growth within the broader equity market.
Performance
MDMIX had a total return of 12.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.60%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| BHBFX | Dividend Income Fund Class Y | 0.91% |
| MADRX | Dividend Income Fund Cass R6 | 0.73% |
| MADAX | Dividend Income Fund Class A | 1.16% |
Top 10 Holdings
40.70% of assets| Name | Symbol | Weight |
|---|---|---|
| Johnson & Johnson | JNJ | 4.85% |
| ExxonMobil Holdings Corporation | XOM | 4.68% |
| Chevron Corporation | CVX | 4.57% |
| Texas Instruments Incorporated | TXN | 4.09% |
| Honeywell International Inc. | HON | 4.05% |
| NextEra Energy, Inc. | NEE | 3.97% |
| CME Group Inc. | CME | 3.77% |
| The Procter & Gamble Company | PG | 3.66% |
| Analog Devices, Inc. | ADI | 3.54% |
| QUALCOMM Incorporated | QCOM | 3.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.11236 | Jun 30, 2026 |
| Mar 31, 2026 | $0.12941 | Mar 31, 2026 |
| Dec 26, 2025 | $2.69248 | Dec 26, 2025 |
| Sep 30, 2025 | $0.11641 | Sep 30, 2025 |
| Jun 30, 2025 | $0.12935 | Jun 30, 2025 |
| Mar 31, 2025 | $0.11059 | Mar 31, 2025 |