TCW Strategic Income Fund, Inc. (NYSE:TSI) to Issue Monthly Dividend of $0.02

TCW Strategic Income Fund, Inc. (NYSE:TSI) announced a monthly dividend on Monday, January 5th. Stockholders of record on Thursday, January 15th will be given a dividend of 0.0217 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, January 15th.

TCW Strategic Income Fund Trading Down 0.7%

Shares of NYSE:TSI opened at $4.88 on Tuesday. The firm’s 50 day moving average price is $4.93 and its 200-day moving average price is $4.93. TCW Strategic Income Fund has a twelve month low of $4.61 and a twelve month high of $5.06.

Insiders Place Their Bets

In other TCW Strategic Income Fund news, Director Robert Gerald Rooney purchased 8,422 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price of $4.93 per share, for a total transaction of $41,520.46. Following the purchase, the director directly owned 8,422 shares of the company’s stock, valued at $41,520.46. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 20,500 shares of company stock valued at $101,023 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of institutional investors have recently bought and sold shares of TSI. Focus Partners Wealth purchased a new position in TCW Strategic Income Fund during the first quarter valued at $50,000. MB Generational Wealth LLC purchased a new position in shares of TCW Strategic Income Fund during the 3rd quarter valued at about $63,000. Private Advisor Group LLC purchased a new position in shares of TCW Strategic Income Fund during the 3rd quarter valued at about $68,000. Corient Private Wealth LLC bought a new position in shares of TCW Strategic Income Fund during the 2nd quarter valued at approximately $82,000. Finally, Allworth Financial LP purchased a new stake in TCW Strategic Income Fund in the 2nd quarter worth approximately $112,000. 35.22% of the stock is owned by institutional investors.

About TCW Strategic Income Fund

TCW Strategic Income Fund (NYSE: TSI) is a diversified, closed-end management investment company that seeks to provide total return through high current income and capital appreciation. The fund primarily invests in a broad array of fixed-income securities, including corporate debt, high-yield bonds, mortgage- and asset-backed securities, and emerging market debt. By combining multiple credit sectors with a flexible duration approach, the fund aims to generate attractive yields while managing interest-rate and credit risks in varying market environments.

Under the management of TCW Asset Management Company LLC, a subsidiary of TCW Group founded in 1971, TSI leverages the firm’s deep credit research capabilities and global trading platforms.