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

TCW Strategic Income Fund, Inc. (NYSE:TSI) announced an annual dividend on Wednesday, December 17th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.065 per share by the financial services provider on Friday, January 9th. This represents a yield of 132.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

TCW Strategic Income Fund Price Performance

TSI stock traded down $0.01 during mid-day trading on Thursday, reaching $4.94. The company had a trading volume of 60,432 shares, compared to its average volume of 69,999. The firm has a 50 day moving average of $4.92 and a 200 day moving average of $4.93. TCW Strategic Income Fund has a 12 month low of $4.61 and a 12 month high of $5.06.

Insider Transactions at TCW Strategic Income Fund

In other news, Director Robert Gerald Rooney acquired 8,422 shares of TCW Strategic Income Fund stock in a transaction on Tuesday, November 25th. The shares were bought at an average cost of $4.93 per share, for a total transaction of $41,520.46. Following the acquisition, the director directly owned 8,422 shares of the company’s stock, valued at $41,520.46. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 20,500 shares of company stock valued at $101,023 over the last quarter. 0.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TCW Strategic Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Focus Partners Wealth bought a new stake in shares of TCW Strategic Income Fund in the first quarter valued at about $50,000. MB Generational Wealth LLC bought a new position in TCW Strategic Income Fund during the 3rd quarter worth about $63,000. Private Advisor Group LLC purchased a new position in TCW Strategic Income Fund during the 3rd quarter valued at about $68,000. Corient Private Wealth LLC purchased a new position in TCW Strategic Income Fund during the 2nd quarter valued at about $82,000. Finally, Allworth Financial LP bought a new stake in shares of TCW Strategic Income Fund in the 2nd quarter valued at about $112,000. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Company Profile

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.