TCW Strategic Income Fund Inc. (TSI) Raises Dividend to $0.06 Per Share
TCW Strategic Income Fund Inc. (NYSE:TSI) announced a quarterly dividend on Monday, March 20th. Investors of record on Friday, March 31st will be paid a dividend of 0.055 per share on Thursday, April 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Wednesday, March 29th. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.05.
Shares of TCW Strategic Income Fund (NYSE:TSI) traded down 0.90% during mid-day trading on Monday, hitting $5.50. The company had a trading volume of 104,990 shares. TCW Strategic Income Fund has a 12 month low of $5.12 and a 12 month high of $5.59. The firm has a 50-day moving average of $5.46 and a 200-day moving average of $5.35.
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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 consisting of current income and capital appreciation by investing in a range of securities, such as convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, and securities issued or guaranteed by the United States Government, its agencies and instrumentalities (the United States Government Securities).
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