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

TCW Strategic Income Fund, Inc. (NYSE:TSI) announced a monthly dividend on Monday, February 9th. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.0283 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Wednesday, April 15th. This is a 30.4% increase from TCW Strategic Income Fund’s previous monthly dividend of $0.02.

TCW Strategic Income Fund Stock Down 4.2%

Shares of TSI stock opened at $4.63 on Tuesday. TCW Strategic Income Fund has a 1-year low of $4.61 and a 1-year high of $5.06. The stock’s 50-day moving average is $4.91 and its 200 day moving average is $4.93.

Insider Buying and Selling

In other news, Director Robert Gerald Rooney acquired 7,900 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $4.93 per share, with a total value of $38,947.00. Following the purchase, the director directly owned 20,500 shares of the company’s stock, valued at $101,065. This trade represents a 62.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders bought 20,500 shares of company stock worth $101,023 over the last quarter. 0.23% of the stock is owned by company insiders.

Institutional Trading of TCW Strategic Income Fund

Several large investors have recently made changes to their positions in the company. Focus Partners Wealth purchased a new position in TCW Strategic Income Fund in the 1st quarter worth approximately $50,000. Concurrent Investment Advisors LLC acquired a new stake in shares of TCW Strategic Income Fund during the fourth quarter valued at about $51,000. MB Generational Wealth LLC purchased a new position in shares of TCW Strategic Income Fund during the 3rd quarter worth approximately $63,000. Private Advisor Group LLC purchased a new position in shares of TCW Strategic Income Fund during the third quarter worth $68,000. Finally, Corient Private Wealth LLC purchased a new stake in TCW Strategic Income Fund during the second quarter worth about $82,000. 35.22% of the stock is currently owned by hedge funds and other 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.