TCW Strategic Income Fund, Inc.
TSIFinancial Services · Stock · monthly payer
Forward Yield
7.88%
Annual Dividend
$0.34
Payout Ratio
450%
5-Yr Growth
-1.1%
Ex-Date
Sep 17, 2026
Frequency
Monthly
Summary
As of September 2026, TCW Strategic Income Fund, Inc. (TSI) yields 7.88% ($0.34 per share annually), with a blended fair-value estimate of $6.31 — +46% upside, so it screens as undervalued. Dividend safety grade: C (57/100). 1 years of dividend growth.
Is TSI a good dividend stock?
MixedTCW Strategic Income Fund, Inc. (TSI) pays a monthly dividend yielding 7.88% ($0.34/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2021
- Elevated payout ratio (450%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.88%
- Payout Ratio
- 450%
- Annual Dividend
- $0.34
- 5-Yr Avg Growth
- -1.1%
- Ex-Dividend Date
- Sep 17, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.32
- Market Cap
- $275.2M
- P/E Ratio
- 61.7
- 5-Yr Total Return
- -26%
- 52-Week Range
- $4.17 – $5.06
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
TSI Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
-4%
5 Years
-26%
52-Week Range
$4.17 – $5.06
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TSI worth?
Undervaluedlow confidenceOur blended fair-value estimate for TCW Strategic Income Fund, Inc. is $6.31 per share, versus a market price of $4.31. That implies 46% of upside — a margin of safety of about 32%.
Fair Value
$6.31
Current Price
$4.31
Upside
+46%
Margin of Safety
32%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 7.0% discount rate (CAPM), -2.3% stage-1 growth, 2.5% terminal growth, $0.07 EPS, $0.34 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TSI Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 17, 2026 | — | $0.0280 | regular |
| Aug 17, 2026 | — | $0.0280 | regular |
| Jul 16, 2026 | — | $0.0280 | regular |
| Jun 15, 2026 | — | $0.0280 | regular |
| May 15, 2026 | — | $0.0280 | regular |
| Apr 15, 2026 | — | $0.0280 | regular |
| Mar 3, 2026 | — | $0.0220 | regular |
| Feb 12, 2026 | — | $0.0220 | regular |
| Jan 15, 2026 | — | $0.0220 | regular |
| Dec 31, 2025 | — | $0.1300 | regular |
| Sep 30, 2025 | — | $0.0650 | regular |
| Jun 30, 2025 | — | $0.0650 | regular |
| Mar 31, 2025 | — | $0.0650 | regular |
| Dec 31, 2024 | — | $0.2050 | regular |
Income Calculator
At $0.34 / yr per share
