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

TCW Strategic Income Fund, Inc. (NYSE:TSI) declared a monthly dividend on Monday, July 6th. Shareholders of record on Thursday, July 16th will be given a dividend of 0.0283 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Thursday, July 16th.

TCW Strategic Income Fund Price Performance

TCW Strategic Income Fund stock traded down $0.01 during trading hours on Tuesday, hitting $4.50. 10,219 shares of the stock were exchanged, compared to its average volume of 164,118. TCW Strategic Income Fund has a 12 month low of $4.43 and a 12 month high of $5.06. The business’s 50-day moving average is $4.52 and its two-hundred day moving average is $4.66.

Institutional Investors Weigh In On TCW Strategic Income Fund

Large investors have recently bought and sold shares of the business. Noble Wealth Management PBC lifted its holdings in TCW Strategic Income Fund by 16.9% during the 2nd quarter. Noble Wealth Management PBC now owns 276,747 shares of the financial services provider’s stock worth $1,248,000 after buying an additional 40,015 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of TCW Strategic Income Fund during the first quarter valued at $664,000. Fifth Third Bancorp bought a new position in TCW Strategic Income Fund in the first quarter valued at about $36,000. Whipplewood Advisors LLC raised its holdings in TCW Strategic Income Fund by 2.7% during the 1st quarter. Whipplewood Advisors LLC now owns 165,778 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 4,344 shares during the last quarter. Finally, Flatrock Wealth Partners LLC acquired a new position in TCW Strategic Income Fund during the 1st quarter valued at about $48,000. 35.22% of the stock is currently owned by institutional investors.

TCW Strategic Income Fund Company Profile

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.