TCW Strategic Income Fund, Inc. (NYSE:TSI – Get Free Report) announced a monthly dividend on Friday, September 4th. Investors of record on Thursday, September 17th will be given a dividend of 0.0283 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Thursday, September 17th.
TCW Strategic Income Fund Price Performance
TSI opened at $4.25 on Tuesday. The stock’s 50-day moving average price is $4.40 and its 200 day moving average price is $4.50. TCW Strategic Income Fund has a 12-month low of $4.17 and a 12-month high of $5.06.
Institutional Trading of TCW Strategic Income Fund
Several hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in shares of TCW Strategic Income Fund in the first quarter valued at approximately $36,000. Flatrock Wealth Partners LLC purchased a new stake in TCW Strategic Income Fund during the 1st quarter worth approximately $48,000. Bank of America Corp DE purchased a new stake in TCW Strategic Income Fund during the 2nd quarter worth about $68,000. Sanctuary Advisors LLC purchased a new stake in shares of TCW Strategic Income Fund during the second quarter worth approximately $73,000. Finally, Rareview Capital LLC purchased a new stake in shares of TCW Strategic Income Fund in the 1st quarter valued at approximately $75,000. Institutional investors and hedge funds own 35.22% of the company’s stock.
TCW Strategic Income Fund Company Profile
TCW Strategic Income Fund, Inc (NYSE: TSI) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by TCW Investment Management Company and invests in a diversified portfolio of income-producing securities.
The fund may invest in a range of fixed-income assets, including high-yield corporate bonds, investment-grade debt, government and sovereign obligations, mortgage-backed securities, and emerging-market debt.
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