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

TCW Strategic Income Fund, Inc. (NYSE:TSI) announced a monthly dividend on Thursday, November 5th. Stockholders of record on Monday, November 16th will be given a dividend of $0.0283 per share by the financial services provider on Monday, November 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, November 16th.

TCW Strategic Income Fund Trading Down 0.6%

TSI opened at $4.34 on Friday. The firm’s 50 day moving average is $4.28 and its 200-day moving average is $4.49. TCW Strategic Income Fund has a 52-week low of $4.11 and a 52-week high of $4.98.

Insiders Place Their Bets

In related news, Director Robert Rooney sold 29,333 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $4.26, for a total transaction of $124,958.58. Following the completion of the sale, the director directly owned 23,474 shares of the company’s stock, valued at approximately $99,999.24. This trade represents a 55.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.05% of the company’s stock.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Riverbridge Partners LLC boosted its position in TCW Strategic Income Fund by 3.0% in the 3rd quarter. Riverbridge Partners LLC now owns 307,522 shares of the financial services provider’s stock valued at $1,322,000 after buying an additional 9,013 shares during the last quarter. Private Management Group Inc. purchased a new stake in shares of TCW Strategic Income Fund during the third quarter worth about $100,000. Uhlmann Price Securities LLC increased its position in shares of TCW Strategic Income Fund by 5.2% during the third quarter. Uhlmann Price Securities LLC now owns 61,097 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 3,018 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of TCW Strategic Income Fund during the third quarter worth about $82,000. Finally, International Assets Investment Management LLC lifted its stake in shares of TCW Strategic Income Fund by 955.6% in the third quarter. International Assets Investment Management LLC now owns 280,000 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 253,474 shares in the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol TSI. The fund seeks to provide investors with a high level of current income and, as a secondary objective, long-term capital appreciation.

The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, high-yield securities, emerging-market debt, mortgage- and asset-backed securities, bank loans and other government or private-sector debt instruments.