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.
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.
ILLEGAL ACTIVITY WARNING: This piece was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thelincolnianonline.com/2018/04/11/tcw-strategic-income-fund-inc-tsi-raises-dividend-to-0-07-per-share.html.
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.
Receive News & Ratings for TCW Strategic Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCW Strategic Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.