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.
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