TCW Strategic Income Fund, Inc. (TSI) Plans Dividend Increase – $0.07 Per Share

TCW Strategic Income Fund, Inc. (NYSE:TSI) declared a quarterly dividend on Monday, March 19th, Wall Street Journal reports. Stockholders of record on Thursday, March 29th will be given a dividend of 0.0665 per share by the financial services provider on Friday, April 13th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

TCW Strategic Income Fund has decreased its dividend payment by an average of 1.7% per year over the last three years.

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NYSE:TSI opened at $5.47 on Wednesday. TCW Strategic Income Fund has a twelve month low of $5.34 and a twelve month high of $6.16.

In other news, insider Laird Landmann acquired 10,536 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The shares were acquired at an average cost of $5.57 per share, with a total value of $58,685.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have purchased 138,688 shares of company stock valued at $767,122. 0.35% of the stock is currently owned by corporate insiders.

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TCW Strategic Income Fund Company Profile

TCW Strategic Income Fund, Inc is a diversified, closed-end investment management company. The Fund’s investment objective is to seek a total return consisted of current income and capital appreciation by investing in a range of securities, including convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, securities issued or guaranteed by the United States Government, its agencies and instrumentalities (the United States Government Securities), repurchase agreements, mortgage related securities, asset-backed securities, money market securities, other securities and derivative instruments without limit believed by its investment advisor to be consistent with the Fund’s investment objective.

Dividend History for TCW Strategic Income Fund (NYSE:TSI)

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