Madison Dividend Income Fund (BHBFX)
The fund seeks to achieve its investment objective by investing in equity securities of companies with a market capitalization of over $1 billion and a history of paying dividends, with the ability to increase dividends over time. Under normal market conditions, at least 80% of the fund's net assets (including borrowings for investment purposes) will be invested in dividend paying equity securities.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Madison Dividend Income Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $41,790 for a total return of roughly 317.90%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Madison Dividend Income Fund had a return of -5.33% year-to-date (YTD) and -9.84% in the last 12 months. Over the past 10 years, Madison Dividend Income Fund had an annualized return of 9.68%, which was very close to the S&P 500 benchmark's annualized return of 9.86%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -6.17% | -3.13% |
| Year-To-Date | -5.33% | 2.92% |
| 6 months | 0.13% | 2.02% |
| 1 year | -9.84% | -11.46% |
| 5 years (annualized) | 7.85% | 7.79% |
| 10 years (annualized) | 9.68% | 9.86% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2.65% | -4.60% | ||||||||||
| 2022 | -8.13% | 10.44% | 6.52% | -3.29% |
Dividend History
Madison Dividend Income Fund granted a 9.92% dividend yield in the last twelve months. The annual payout for that period amounted to $2.62 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.62 | $2.62 | $3.73 | $0.45 | $1.11 | $2.99 | $1.04 | $0.87 | $1.29 | $1.71 | $1.01 | $0.35 |
Dividend yield | 9.92% | 9.39% | 12.61% | 1.87% | 4.92% | 16.50% | 5.69% | 5.72% | 9.57% | 12.72% | 8.14% | 3.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Dividend Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | ||||||||||
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $2.22 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $3.36 |
| 2020 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 |
| 2019 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.80 |
| 2018 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $2.62 |
| 2017 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.71 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.65 |
| 2015 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.00 |
| 2014 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.43 |
| 2013 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.74 |
| 2012 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Madison Dividend Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Madison Dividend Income Fund is 42.48%, recorded on Mar 9, 2009. It took 854 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.48% | Jul 19, 1999 | 2421 | Mar 9, 2009 | 854 | Jul 27, 2012 | 3275 |
| -32.34% | Jan 21, 2020 | 44 | Mar 23, 2020 | 162 | Nov 10, 2020 | 206 |
| -21.93% | Dec 31, 1996 | 74 | Apr 11, 1997 | 116 | Sep 22, 1997 | 190 |
| -18.3% | Apr 21, 2022 | 121 | Oct 12, 2022 | — | — | — |
| -12.7% | Dec 4, 2018 | 14 | Dec 24, 2018 | 40 | Feb 22, 2019 | 54 |
| -12.62% | Mar 18, 1994 | 215 | Jan 12, 1995 | 115 | Jun 22, 1995 | 330 |
| -12.12% | May 22, 2015 | 66 | Aug 25, 2015 | 68 | Dec 1, 2015 | 134 |
| -11.85% | Jan 2, 1998 | 172 | Aug 31, 1998 | 58 | Nov 19, 1998 | 230 |
| -10.83% | Jan 29, 2018 | 39 | Mar 23, 2018 | 125 | Sep 20, 2018 | 164 |
| -8.71% | Dec 30, 1998 | 12 | Jan 14, 1999 | 127 | Jul 12, 1999 | 139 |
Volatility Chart
Current Madison Dividend Income Fund volatility is 21.33%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.