TCW Strategic Income Fund, Inc. (TSI) to Issue Quarterly Dividend of $0.06 on January 10th

TCW Strategic Income Fund, Inc. (NYSE:TSI) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid 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 4.81%. The ex-dividend date 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

Shares of NYSE:TSI traded down $0.04 during trading on Thursday, reaching $4.99. 46,371 shares of the company’s stock traded hands, compared to its average volume of 101,643. TCW Strategic Income Fund has a fifty-two week low of $4.52 and a fifty-two week high of $5.21. The company has a 50-day simple moving average of $5.02 and a 200-day simple moving average of $4.96.

Insider Buying and Selling at TCW Strategic Income Fund

In other TCW Strategic Income Fund news, Director Andrew Tarica sold 10,799 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.08, for a total transaction of $54,858.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 24,599 shares of company stock valued at $124,501. Company insiders own 0.16% of the company’s stock.

About TCW Strategic Income Fund

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.