TCW Strategic Income Fund, Inc. (TSI) to Issue Quarterly Dividend of $0.06 on October 11th

TCW Strategic Income Fund, Inc. (NYSE:TSI) announced a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.06 per share by the financial services provider on Friday, October 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Monday, September 30th.

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

TCW Strategic Income Fund Price Performance

NYSE:TSI traded up $0.01 during mid-day trading on Wednesday, reaching $5.20. 60,345 shares of the company’s stock were exchanged, compared to its average volume of 113,469. TCW Strategic Income Fund has a one year low of $4.48 and a one year high of $5.20. The business’s fifty day simple moving average is $4.98 and its two-hundred day simple moving average is $4.78.

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.