TCW Strategic Income Fund, Inc. (NYSE:TSI) to Issue Quarterly Dividend of $0.06

Posted by Maurice Goldstein on Dec 19th, 2024

TCW Strategic Income Fund, Inc. (NYSE:TSI – Get Free Report) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.06 per share by the financial services provider on Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Tuesday, December 31st.

TCW Strategic Income Fund has decreased its dividend by an average of 4.5% per year over the last three years.

TCW Strategic Income Fund Stock Up 0.2 %

Shares of TSI stock opened at $5.03 on Thursday. TCW Strategic Income Fund has a 1 year low of $4.52 and a 1 year high of $5.21. The firm’s fifty day simple moving average is $5.02 and its 200 day simple moving average is $4.96.

Insiders Place Their Bets

In other TCW Strategic Income Fund news, Director Andrew Tarica sold 10,799 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.08, for a total value of $54,858.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 24,599 shares of company stock worth $124,501 in the last ninety days. Insiders own 0.16% of the company’s stock.

About TCW Strategic Income Fund

(Get Free Report)

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.