News headlines about TCW Strategic Income Fund (NYSE:TSI) have trended somewhat positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TCW Strategic Income Fund earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.8751228249965 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of TSI opened at $5.52 on Friday. TCW Strategic Income Fund has a 12-month low of $5.34 and a 12-month high of $6.16.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were given a dividend of $0.0665 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. This represents a $0.27 dividend on an annualized basis and a dividend yield of 4.82%.
In other news, insider Laird Landmann acquired 98,152 shares of the stock in a transaction that occurred on 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 138,688 shares of company stock worth $767,122. Insiders own 0.35% of the company’s stock.
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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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