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Madison Dividend Income Fund’s Q1 2025 Investor Letter

Madison Investments, an investment advisor, released its “Madison Dividend Income Fund” first-quarter 2025 investor letter. In the first quarter, the fund (Class Y) returned +3.2% compared to the -4.3%, +2.1%, and +1.7% returns for the S&P 500 Index, Russell 1000 Value Index, and Lipper Equity Income peer group. The firm views that since late 2022, the shift from dividend stocks to non-dividend tech stocks has created a unique opportunity to buy high-quality dividend stocks at below-average valuations. In addition, please check the fund’s top five holdings to know its best picks in...