TCW Strategic Income Fund, Inc. Declares Quarterly Dividend of $0.07 (NYSE:TSI)

TCW Strategic Income Fund, Inc. (NYSE:TSI) announced a quarterly dividend on Monday, June 16th, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.065 per share by the financial services provider on Friday, July 11th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.28%.

TCW Strategic Income Fund Trading Up 0.1%

TSI traded up $0.01 during trading on Monday, reaching $4.93. The company had a trading volume of 9,932 shares, compared to its average volume of 72,198. The firm’s 50-day simple moving average is $4.89 and its 200 day simple moving average is $4.89. TCW Strategic Income Fund has a 12-month low of $4.61 and a 12-month high of $5.21.

Institutional Investors Weigh In On TCW Strategic Income Fund

A hedge fund recently bought a new stake in TCW Strategic Income Fund stock. Focus Partners Wealth bought a new position in TCW Strategic Income Fund, Inc. (NYSE:TSI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,275 shares of the financial services provider’s stock, valued at approximately $50,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Company Profile

TCW Strategic Income Fund, Inc is a close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.