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. For its equity investments, it seeks to invest in growth and value stocks of companies. The fund's fixed income investments are comprised of mortgage related securities, asset-backed securities, money market securities, convertible securities, high yield bonds, collateralized debt obligations (CDOs), and securities issued or guaranteed by the United States Government, its agencies and instrumentalities. It benchmarks the performance of its portfolio against the S&P 500 Index, NASDAQ, and a customized benchmark comprised of Barclays U.S. Aggregate Bond Index, Citigroup High Yield Cash Pay Index, S&P 500 Index, and BofA Merrill Lynch All Convertibles All Qualities. The fund was previously known as TCW Convertible Securities Fund, Inc. TCW Strategic Income Fund, Inc. was formed on January 13, 1987 and is domiciled in the United States.
TCW Strategic Income Fund Dividend Announcement
• TCW Strategic Income Fund announced a quarterly dividend of $0.06 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-09-30
• TCW Strategic Income Fund annual dividend for 2024 was $0.18
• TCW Strategic Income Fund annual dividend for 2023 was $0.35
• TCW Strategic Income Fund's trailing twelve-month (TTM) dividend yield is 7.01%
• TCW Strategic Income Fund's dividend growth over the last five years (2018-2023) was -0.97% year
• TCW Strategic Income Fund's dividend growth over the last ten years (2013-2023) was -0.99% year
TCW Strategic Income Fund Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $0.06 | quarterly | 2024-10-11 |
2024-06-28 | $0.06 | quarterly | 2024-07-12 |
2024-03-27 | $0.06 | quarterly | 2024-04-12 |
2023-12-28 | $0.17 | quarterly | 2024-01-12 |
2023-09-28 | $0.06 | quarterly | 2023-10-13 |
2023-06-29 | $0.06 | quarterly | 2023-07-14 |
2023-03-30 | $0.06 | quarterly | 2023-04-14 |
2022-12-29 | $0.23 | quarterly | 2023-01-13 |
2022-09-29 | $0.06 | quarterly | 2022-10-14 |
2022-06-29 | $0.06 | quarterly | 2022-07-08 |
2022-03-30 | $0.06 | quarterly | 2022-04-08 |
2021-12-30 | $0.20 | quarterly | 2022-01-14 |
2021-09-29 | $0.06 | quarterly | 2021-10-08 |
2021-06-29 | $0.06 | quarterly | 2021-07-09 |
2021-03-30 | $0.06 | quarterly | 2021-04-09 |
2020-12-30 | $0.04 | quarterly | 2021-01-08 |
2020-09-29 | $0.07 | quarterly | 2020-10-09 |
2020-06-29 | $0.09 | quarterly | 2020-07-10 |
2020-03-30 | $0.08 | quarterly | 2020-04-13 |
2019-12-30 | $0.14 | quarterly | 2020-01-10 |
2019-09-27 | $0.08 | quarterly | 2019-10-11 |
2019-06-27 | $0.08 | quarterly | 2019-07-12 |
2019-03-28 | $0.08 | quarterly | 2019-04-12 |
2018-12-28 | $0.16 | quarterly | 2019-01-11 |
2018-09-27 | $0.08 | quarterly | 2018-10-12 |
2018-06-28 | $0.07 | quarterly | 2018-07-13 |
2018-03-28 | $0.07 | quarterly | 2018-04-13 |
2017-12-28 | $0.15 | quarterly | 2018-01-12 |
2017-09-28 | $0.06 | quarterly | 2017-10-13 |
2017-06-28 | $0.06 | quarterly | 2017-07-14 |
2017-03-29 | $0.06 | quarterly | 2017-04-13 |
2016-12-28 | $0.12 | quarterly | 2017-01-13 |
2016-09-28 | $0.05 | quarterly | 2016-10-14 |
2016-06-28 | $0.05 | quarterly | 2016-07-15 |
2016-03-29 | $0.05 | quarterly | 2016-04-15 |
2015-12-29 | $0.05 | quarterly | 2016-01-08 |
2015-09-28 | $0.05 | quarterly | 2015-10-09 |
2015-06-26 | $0.06 | quarterly | 2015-07-10 |
2015-04-01 | $0.06 | quarterly | 2015-04-10 |
2014-12-29 | $0.04 | quarterly | 2015-01-09 |
2014-09-26 | $0.06 | quarterly | 2014-10-10 |
2014-06-26 | $0.07 | quarterly | 2014-07-11 |
2014-03-27 | $0.07 | quarterly | 2014-04-11 |
2013-12-27 | $0.10 | quarterly | 2014-01-10 |
2013-09-26 | $0.10 | quarterly | 2013-10-11 |
2013-06-26 | $0.10 | quarterly | 2013-07-12 |
2013-03-26 | $0.10 | quarterly | 2013-04-12 |
TCW Strategic Income Fund Dividend per year
TCW Strategic Income Fund Dividend growth
TCW Strategic Income Fund Dividend Yield
TCW Strategic Income Fund current trailing twelve-month (TTM) dividend yield is 7.01%. Interested in purchasing TCW Strategic Income Fund stock? Use our calculator to estimate your expected dividend yield:
TCW Strategic Income Fund Financial Ratios
TCW Strategic Income Fund Dividend FAQ
Other factors to consider when evaluating TCW Strategic Income Fund as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: TCW Strategic Income Fund's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, TCW Strategic Income Fund publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, TCW Strategic Income Fund distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from TCW Strategic Income Fund are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: TCW Strategic Income Fund sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, TCW Strategic Income Fund distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: TCW Strategic Income Fund declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of TCW Strategic Income Fund's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review TCW Strategic Income Fund's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.