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

TCW Strategic Income Fund, Inc. (NYSE:TSI) declared a monthly dividend on Monday, February 2nd. Investors of record on Thursday, February 12th will be paid a dividend of 0.0217 per share by the financial services provider on Friday, February 27th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, February 12th.

TCW Strategic Income Fund Stock Down 0.1%

Shares of TSI stock opened at $4.86 on Tuesday. The firm’s 50 day moving average price is $4.91 and its two-hundred day moving average price is $4.93. TCW Strategic Income Fund has a 52-week low of $4.61 and a 52-week high of $5.06.

Insider Buying and Selling

In related news, Director Robert Gerald Rooney bought 7,900 shares of the business’s stock in a transaction on Monday, December 1st. The shares were purchased at an average price of $4.93 per share, with a total value of $38,947.00. Following the completion of the purchase, the director owned 20,500 shares of the company’s stock, valued at $101,065. This represents a 62.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 20,500 shares of company stock valued at $101,023 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Institutional Trading of TCW Strategic Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Focus Partners Wealth acquired a new position in shares of TCW Strategic Income Fund in the 1st quarter valued at $50,000. Concurrent Investment Advisors LLC bought a new position in TCW Strategic Income Fund during the fourth quarter worth about $51,000. MB Generational Wealth LLC acquired a new position in TCW Strategic Income Fund in the third quarter valued at about $63,000. Private Advisor Group LLC bought a new stake in shares of TCW Strategic Income Fund in the third quarter worth about $68,000. Finally, Corient Private Wealth LLC acquired a new stake 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 (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.