TCW Strategic Income Fund, Inc. (TSI) Raises Dividend to $0.07 Per Share

TCW Strategic Income Fund, Inc. (NYSE:TSI) declared a quarterly dividend on Monday, March 19th, Wall Street Journal reports. Stockholders of record on Thursday, March 29th will be paid a dividend of 0.0665 per share by the financial services provider on Friday, April 13th. This represents a $0.27 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

TCW Strategic Income Fund has decreased its dividend payment by an average of 1.7% annually over the last three years.

Shares of TCW Strategic Income Fund stock traded up $0.01 during trading on Monday, hitting $5.51. The stock had a trading volume of 20,229 shares, compared to its average volume of 92,184. TCW Strategic Income Fund has a 12-month low of $5.34 and a 12-month high of $6.16.

In other news, insider Laird Landmann acquired 98,152 shares of TCW Strategic Income Fund stock in a transaction dated Friday, March 9th. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $539,836.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

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TCW Strategic Income Fund Company Profile

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.

Dividend History for TCW Strategic Income Fund (NYSE:TSI)

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