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

Key Points

• TCW Strategic Income Fund, Inc. has declared a quarterly dividend of $0.07 per share, payable to stockholders on October 10th.
• The fund's dividend yield is reported at 5.2%, reflecting its annualized payout.
• As of the latest trading session, the stock increased slightly to $5.00, with a 12-month price range between $4.61 and $5.21.

TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.065 per share by the financial services provider on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 30th.

TCW Strategic Income Fund Price Performance

NYSE TSI traded up $0.02 during trading hours on Friday, reaching $5.03. 43,853 shares of the company's stock were exchanged, compared to its average volume of 62,741. The company's 50-day moving average is $4.94 and its two-hundred day moving average is $4.91. TCW Strategic Income Fund has a one year low of $4.61 and a one year high of $5.18.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted its stake in TCW Strategic Income Fund by 107,262.5% in the 1st quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider's stock worth $41,000 after purchasing an additional 8,581 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of TCW Strategic Income Fund in the fourth quarter valued at about $49,000. Avidian Wealth Enterprises LLC acquired a new position in shares of TCW Strategic Income Fund during the first quarter worth about $49,000. Focus Partners Wealth acquired a new position in shares of TCW Strategic Income Fund during the first quarter worth about $50,000. Finally, Corient Private Wealth LLC bought a new position in shares of TCW Strategic Income Fund during the second quarter worth about $82,000. 35.22% of the stock is owned by 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.