TCW Strategic Income Fund, Inc. (TSI) to Distribute Monthly Dividend of $0.03 on October 30th

TCW Strategic Income Fund, Inc. (NYSE:TSI – Get Free Report) announced a monthly dividend on Monday, October 5th. Stockholders of record on Friday, October 16th will be paid a dividend of $0.0283 per share by the financial services provider on Friday, October 30th. This represents a $0.34 annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Friday, October 16th.

TCW Strategic Income Fund Price Performance

NYSE:TSI opened at $4.22 on Wednesday. TCW Strategic Income Fund has a 12-month low of $4.17 and a 12-month high of $4.98. The firm has a 50-day moving average price of $4.33 and a 200 day moving average price of $4.44.

Institutional Investors Weigh In On TCW Strategic Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new stake in TCW Strategic Income Fund in the 1st quarter valued at $36,000. Flatrock Wealth Partners LLC bought a new stake in TCW Strategic Income Fund in the first quarter valued at $48,000. Bank of America Corp DE bought a new stake in TCW Strategic Income Fund in the second quarter valued at $68,000. Rareview Capital LLC acquired a new position in TCW Strategic Income Fund during the first quarter worth $75,000. Finally, Sanctuary Advisors LLC acquired a new position in TCW Strategic Income Fund during the second quarter worth $73,000. 35.22% of the stock is owned by institutional investors and hedge funds.

About TCW Strategic Income Fund

(Get Free Report)

TCW Strategic Income Fund (NYSE: TSI) is a closed-end management investment company advised by TCW Investment Management Company. The fund seeks to provide a high level of current income while also pursuing long-term total return through active management of a diversified fixed-income portfolio.

Its investments may include below-investment-grade and other high-yield corporate bonds, emerging-market debt, bank loans, mortgage- and asset-backed securities, and other domestic and international fixed-income instruments.

See Also

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

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