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

TCW Strategic Income Fund, Inc. (NYSE:TSI) announced a monthly dividend on Monday, October 5th. Investors of record on Friday, October 16th will be given a dividend of $0.0283 per share by the financial services provider on Friday, October 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, October 16th.

TCW Strategic Income Fund Stock Performance

TSI traded up $0.02 during trading on Tuesday, reaching $4.26. 17,370 shares of the company were exchanged, compared to its average volume of 163,004. TCW Strategic Income Fund has a 12-month low of $4.17 and a 12-month high of $4.98. The company’s 50-day moving average is $4.35 and its two-hundred day moving average is $4.46.

About TCW Strategic Income Fund

TCW Strategic Income Fund (NYSE: TSI) is a closed-end management investment company advised by TCW Investment Management Company. The fund seeks to provide a high level of current income while also pursuing long-term total return through active management of a diversified fixed-income portfolio.

Its investments may include below-investment-grade and other high-yield corporate bonds, emerging-market debt, bank loans, mortgage- and asset-backed securities, and other domestic and international fixed-income instruments.