TCW Strategic Income Fund, Inc. (NYSE:TSI) Declares Monthly Dividend of $0.03

Key Points

• TCW Strategic Income Fund declared a monthly dividend of $0.0283 per share, payable November 30 to shareholders of record November 16. The annualized payout is about $0.34 per share, representing a 7.8% yield.
• Director Robert Rooney sold 29,333 shares for about $125,000, reducing his position by 55.55%; insiders collectively own 1.05% of the fund.
• TSI opened at $4.34, within its 12-month range of $4.11–$4.98. Hedge funds and other institutional investors own 35.22% of shares.

TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) announced a monthly dividend on Thursday, November 5th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0283 per share by the financial services provider on Monday, November 30th. This represents a $0.34 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, November 16th.

TCW Strategic Income Fund Stock Performance

TCW Strategic Income Fund stock opened at $4.34 on Friday. The stock's 50-day moving average is $4.28 and its 200-day moving average is $4.49. TCW Strategic Income Fund has a 12 month low of $4.11 and a 12 month high of $4.98.

Insider Transactions at TCW Strategic Income Fund

In related news, Director Robert Rooney sold 29,333 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $4.26, for a total transaction of $124,958.58. Following the completion of the sale, the director owned 23,474 shares of the company's stock, valued at approximately $99,999.24. This represents a 55.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.05% of the company's stock.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several institutional investors have recently bought and sold shares of TSI. Rareview Capital LLC raised its position in TCW Strategic Income Fund by 1,911.9% in the second quarter. Rareview Capital LLC now owns 307,541 shares of the financial services provider's stock valued at $1,501,000 after purchasing an additional 292,255 shares during the period. Hara Capital LLC acquired a new position in shares of TCW Strategic Income Fund during the second quarter worth about $3,406,000. JP Wealth Management Inc. boosted its position in shares of TCW Strategic Income Fund by 3.5% in the third quarter. JP Wealth Management Inc. now owns 4,652,246 shares of the financial services provider's stock worth $20,005,000 after buying an additional 158,759 shares during the period. International Assets Investment Management LLC boosted its position in shares of TCW Strategic Income Fund by 955.6% in the third quarter. International Assets Investment Management LLC now owns 280,000 shares of the financial services provider's stock worth $1,204,000 after buying an additional 253,474 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in shares of TCW Strategic Income Fund in the first quarter worth about $664,000. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol TSI. The fund seeks to provide investors with a high level of current income and, as a secondary objective, long-term capital appreciation.

The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, high-yield securities, emerging-market debt, mortgage- and asset-backed securities, bank loans and other government or private-sector debt instruments.

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