TCW Strategic Income Fund Inc. (NYSE:TSI) announced a special dividend on Tuesday, December 19th, Wall Street Journal reports. Investors of record on Friday, December 29th will be given a dividend of 0.033 per share by the financial services provider on Friday, January 12th. This represents a dividend yield of 7.97%. The ex-dividend date of this dividend is Thursday, December 28th.
TCW Strategic Income Fund has decreased its dividend by an average of 1.7% annually over the last three years.
TCW Strategic Income Fund (NYSE:TSI) traded up $0.06 during trading hours on Thursday, hitting $5.71. The company had a trading volume of 144,800 shares, compared to its average volume of 83,886. TCW Strategic Income Fund has a 12-month low of $5.30 and a 12-month high of $6.16.
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About TCW Strategic Income Fund
TCW Strategic Income Fund, Inc is a diversified, closed-end investment management company. The Fund’s investment objective is to seek a total return consisted of current income and capital appreciation by investing in a range of securities, including convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, securities issued or guaranteed by the United States Government, its agencies and instrumentalities (the United States Government Securities), repurchase agreements, mortgage related securities, asset-backed securities, money market securities, other securities and derivative instruments without limit believed by its investment advisor to be consistent with the Fund’s investment objective.
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