TCW Strategic Income Fund, Inc. Declares Quarterly Dividend of $0.07 (NYSE:TSI)

TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) declared a quarterly dividend on Monday, June 16th, RTT News reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.065 per share by the financial services provider on Friday, July 11th. This represents a $0.26 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Monday, June 30th.

TCW Strategic Income Fund Stock Performance

Shares of NYSE:TSI remained flat at $4.92 during trading on Thursday. The stock had a trading volume of 51,675 shares, compared to its average volume of 71,738. The firm's 50-day simple moving average is $4.89 and its two-hundred day simple moving average is $4.89. TCW Strategic Income Fund has a 52-week low of $4.61 and a 52-week high of $5.21.

Institutional Investors Weigh In On TCW Strategic Income Fund

An institutional investor recently bought a new position in TCW Strategic Income Fund stock. Focus Partners Wealth bought a new position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,275 shares of the financial services provider's stock, valued at approximately $50,000. 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 close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.