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

TCW Strategic Income Fund, Inc. (NYSE:TSI) declared a monthly dividend on Friday, June 5th. Investors of record on Monday, June 15th will be given a dividend of 0.0283 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, June 15th.

TCW Strategic Income Fund Stock Performance

TCW Strategic Income Fund stock traded up $0.04 during midday trading on Friday, hitting $4.53. 116,527 shares of the company were exchanged, compared to its average volume of 100,475. The company’s fifty day moving average price is $4.54 and its 200-day moving average price is $4.71. TCW Strategic Income Fund has a fifty-two week low of $4.43 and a fifty-two week high of $5.06.

Hedge Funds Weigh In On TCW Strategic Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its position in TCW Strategic Income Fund by 4.4% during the 4th quarter. HighTower Advisors LLC now owns 64,953 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 2,757 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in TCW Strategic Income Fund by 16.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,372 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 3,546 shares in the last quarter. Whipplewood Advisors LLC lifted its position in TCW Strategic Income Fund by 2.7% during the 1st quarter. Whipplewood Advisors LLC now owns 165,778 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 4,344 shares in the last quarter. Bank of America Corp DE lifted its position in TCW Strategic Income Fund by 13.6% during the 2nd quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 5,001 shares in the last quarter. Finally, Intellus Advisors LLC raised its position in shares of TCW Strategic Income Fund by 10.0% in the 4th quarter. Intellus Advisors LLC now owns 75,670 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 6,874 shares in the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

About TCW Strategic Income Fund

TCW Strategic Income Fund (NYSE: TSI) is a diversified, closed-end management investment company that seeks to provide total return through high current income and capital appreciation. The fund primarily invests in a broad array of fixed-income securities, including corporate debt, high-yield bonds, mortgage- and asset-backed securities, and emerging market debt. By combining multiple credit sectors with a flexible duration approach, the fund aims to generate attractive yields while managing interest-rate and credit risks in varying market environments.

Under the management of TCW Asset Management Company LLC, a subsidiary of TCW Group founded in 1971, TSI leverages the firm’s deep credit research capabilities and global trading platforms.