TCW Strategic Income Fund, Inc. (TSI) Declares Quarterly Dividend of $0.06
TCW Strategic Income Fund, Inc. (NYSE:TSI) announced a quarterly dividend on Monday, September 18th, Wall Street Journal reports. Investors of record on Friday, September 29th will be given a dividend of 0.0575 per share by the financial services provider on Friday, October 13th. This represents a $0.23 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Thursday, September 28th. This is a boost 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 29.8% annually over the last three years.
TCW Strategic Income Fund (NYSE:TSI) traded up 0.17% during mid-day trading on Monday, reaching $5.73. The company had a trading volume of 46,006 shares. The stock’s 50-day moving average price is $5.65 and its 200 day moving average price is $5.56. TCW Strategic Income Fund has a 52 week low of $5.19 and a 52 week high of $6.16.
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About TCW Strategic Income Fund
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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