Madison Dividend Income Fd Cl Y
BHBFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Madison MA United States of America
- IPO Date
- Jun 20, 1996
- CIK
- 0001040612
- Website
- madisonfunds.com
- Similar Companies
- Business
- Madison Dividend Income Fund Class Y (BHBFX) is an open-end mutual fund that seeks to produce current income and capital appreciation by investing primarily in equity securities of dividend-paying companies with market capitalizations exceeding $1 billion, targeting those with dividend yields generally greater than the S&P 500 Index, strong balance sheets, and potential for dividend growth. The fund employs a relative yield strategy, screening for large-cap stocks trading at the high end of their historical relative dividend yield ranges (at least 1.1x the S&P 500), followed by fundamental analysis of business models, cash flows, and sustainability to build a high-conviction portfolio of 35-50 holdings concentrated in sectors such as financial services, healthcare, technology, industrials, and utilities; top holdings as of recent data include Johnson & Johnson, NextEra Energy Inc., Morgan Stanley, CME Group Inc., and BlackRock Inc. It offers share classes including Class A (MADAX), Class I (MDMIX), Class R6 (MADRX), and Class Y (BHBFX), with the latter featuring a net expense ratio of 0.91%, daily pricing, a minimum initial investment of $1,000, and availability to U.S. investors. Managed by Madison Investments, founded in 1974 and headquartered at 550 Science Drive in Madison, Wisconsin, the fund traces its inception to December 18, 1986, with Class Y shares launched around that period; the broader Dividend Income strategy began in November 2011 under co-portfolio managers John Brown, CFA (since March 2012), and Drew Justman, CFA (since April 2013), supported by a team of experienced U.S. equity analysts. Madison Investments, a 100% employee-owned independent firm managing approximately $28 billion in assets, operates from offices in Madison and Milwaukee, Wisconsin, serving clients across all 50 U.S. states and Canada through mutual funds, separate accounts, and active ETFs focused on domestic equities, fixed income, and multi-asset strategies. Recent developments include Madison Investments' celebration of its 50th anniversary in December 2023 with a transition to majority employee ownership, reinforcing its independence and risk-managed "Participate and Protect" philosophy; in April 2024, the firm expanded operations by opening a new downtown Milwaukee office to house teams including fixed income portfolio managers. The Dividend Income Fund underwent a reorganization on September 11, 2020, alongside the introduction of new share classes like MDMIX (August 2020) and MADRX (February 2022), enhancing investor access; portfolio turnover remains low at 28%, with net assets for BHBFX at approximately $119 million as of late 2025 and a focus on high-quality dividend growers amid market rotations away from technology stocks. No major acquisitions, funding rounds, or strategic alliances specific to the fund were reported in the last 1-2 years, with ongoing emphasis on relative yield opportunities in 2025.