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.

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

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