TCW Strategic Income Fund, Inc. (NYSE:TSI) to Issue Monthly Dividend of $0.03

TCW Strategic Income Fund, Inc. (NYSE:TSI) declared a monthly dividend on Tuesday, May 5th. Investors of record on Friday, May 15th will be given a dividend of 0.0283 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Friday, May 15th.

TCW Strategic Income Fund Price Performance

TSI stock opened at $4.55 on Wednesday. TCW Strategic Income Fund has a twelve month low of $4.43 and a twelve month high of $5.06. The business has a 50 day moving average of $4.59 and a 200 day moving average of $4.78.

Insiders Place Their Bets

In other news, Director Peter Mcmillan acquired 50,000 shares of TCW Strategic Income Fund stock in a transaction on Friday, February 20th. The stock was acquired at an average cost of $4.64 per share, for a total transaction of $232,000.00. Following the purchase, the director owned 300,000 shares in the company, valued at $1,392,000. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have bought 257,390 shares of company stock worth $1,212,712. 0.23% of the stock is currently owned by company insiders.

Institutional Trading of TCW Strategic Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of TSI. Focus Partners Wealth bought a new stake in TCW Strategic Income Fund during the 1st quarter valued at about $50,000. Jane Street Group LLC bought a new stake in TCW Strategic Income Fund during the 2nd quarter valued at about $343,000. Bank of America Corp DE increased its stake in TCW Strategic Income Fund by 13.6% during the 2nd quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 5,001 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of TCW Strategic Income Fund in the 2nd quarter worth $82,000. Finally, Hara Capital LLC increased its holdings in shares of TCW Strategic Income Fund by 32.4% in the 3rd quarter. Hara Capital LLC now owns 45,314 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 11,091 shares in the last quarter. 35.22% of the stock is currently 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.