TCW Strategic Income Fund, Inc. (NYSE:TSI) announced a quarterly dividend on Monday, March 19th, Wall Street Journal reports. Investors of record on Thursday, March 29th will be given a dividend of 0.0665 per share by the financial services provider on Friday, April 13th. This represents a $0.27 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.
TCW Strategic Income Fund has decreased its dividend payment by an average of 1.7% annually over the last three years.
Shares of TCW Strategic Income Fund (NYSE TSI) opened at $5.53 on Friday. TCW Strategic Income Fund has a 12 month low of $5.34 and a 12 month high of $6.16.
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TCW Strategic Income Fund Company Profile
TCW Strategic Income Fund, Inc is a diversified, closed-end investment management company. The Fund’s investment objective is to seek a total return consisted of current income and capital appreciation by investing in a range of securities, including convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, securities issued or guaranteed by the United States Government, its agencies and instrumentalities (the United States Government Securities), repurchase agreements, mortgage related securities, asset-backed securities, money market securities, other securities and derivative instruments without limit believed by its investment advisor to be consistent with the Fund’s investment objective.
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