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

Posted by Danessa Lincoln 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 given 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 of this dividend is Tuesday, December 31st.

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

TCW Strategic Income Fund Price Performance

NYSE TSI opened at $5.03 on Thursday. TCW Strategic Income Fund has a twelve month low of $4.52 and a twelve month high of $5.21. The company’s 50-day simple moving average is $5.02 and its 200 day simple moving average is $4.96.

Insider Buying and Selling at TCW Strategic Income Fund

In other news, Director Andrew Tarica sold 10,799 shares of TCW Strategic Income Fund stock in a transaction that occurred on Monday, November 11th. The shares were 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 accessible through the SEC website. Insiders have sold 24,599 shares of company stock worth $124,501 over the last three months. Company insiders own 0.16% of the company’s stock.

TCW Strategic Income Fund Company Profile

(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.