SmarterDividends
TSI

TCW Strategic Income Fund, Inc.

TSI

Financial Services · Asset Management · Stock · monthly payer

$4.16

Undervalued · +32% Add to Portfolio

Forward Yield

8.03%

Annual Dividend

$0.28

Payout Ratio

408%

5-Yr Growth

-1.1%

Ex-Date

Oct 16, 2026

Frequency

Monthly

Key facts about TSI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 15, 2026, TCW Strategic Income Fund, Inc. (TSI) has a forward dividend yield of 8.03%, based on an annual dividend of $0.28 per share and a share price of $4.16.
  • As of Oct 15, 2026, TSI's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
  • TSI last cut its regular dividend in 2021.
  • TSI's next ex-dividend date is Oct 16, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 15, 2026, TSI pays out 408% of its trailing 12-month earnings as dividends (its payout ratio).
  • TSI's dividend has shrunk at an average rate of 1.1% a year over the past five years.
  • As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for TSI is $5.47 per share, 32% above the $4.16 share price, so TSI screens as undervalued.
  • TCW Strategic Income Fund, Inc. (TSI) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "TSI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/TSI

Summary

As of Oct 15, 2026, TCW Strategic Income Fund, Inc. (TSI) yields 8.03% ($0.28 a year per share) and has a dividend safety grade of C (57/100).

Is TSI a good dividend stock?

Mixed

TCW Strategic Income Fund, Inc. (TSI) pays a monthly dividend yielding 8.03% ($0.28/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 (408%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    8.03%
    Payout Ratio
    408%
    Annual Dividend
    $0.28
    5-Yr Avg Growth
    -1.1%
    Ex-Dividend Date
    Oct 16, 2026
    Years of Growth
    1
    Frequency
    monthly
    Beta
    0.33
    Market Cap
    $265.0M
    P/E Ratio
    59.4
    5-Yr Total Return
    -27%
    52-Week Range
    $4.17 – $4.98
    Dividend Safety
    C · 57/100
    Ever Cut?
    Yes (2021)
    TSI ex-dividend date & scheduleNext ex-date Oct 16, 2026 · full ex-dividend historyView →TSI dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is TSI a good dividend stock?

    Mixed. TCW Strategic Income Fund, Inc. (TSI) pays a monthly dividend yielding 8.03% ($0.28/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.

    Is TSI undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TSI's fair value is about $5.47 versus a $4.16 share price — so it looks undervalued (+32% vs. fair value).

    Is TSI's dividend safe?

    TSI has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is TSI's fair value?

    Our blended fair-value estimate for TSI is about $5.47 per share, roughly 32% above the current $4.16 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is TSI a buy, hold, or sell?

    We don't issue formal ratings, but on the data TSI screens as "mixed" and undervalued. TCW Strategic Income Fund, Inc. (TSI) pays a monthly dividend yielding 8.03% ($0.28/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. This is research for your own analysis, not investment advice.

    Will TSI cut its dividend?

    TSI earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does TSI pay a dividend?

    Yes. TCW Strategic Income Fund, Inc. pays a monthly dividend of about $0.28 per share annually, a forward yield of roughly 8.03%.

    What is TSI's dividend yield?

    As of Oct 15, 2026, TSI's forward dividend yield is 8.03%, based on a $0.28 annual dividend and a $4.16 share price.

    What is TSI's dividend per share?

    As of Oct 15, 2026, TSI pays $0.28 per share per year, distributed on a monthly basis.

    What is TSI's dividend payout ratio?

    As of Oct 15, 2026, TSI's payout ratio is 408% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has TSI grown its dividend?

    As of Oct 15, 2026, TSI has increased its dividend for 1 consecutive years.

    When is the next TSI ex-dividend date?

    As of Oct 15, 2026, the next ex-dividend date on record for TSI is Oct 16, 2026.

    Income Calculator

    At $0.28 / yr per share

    Per payment (monthly)$2.33
    Annual$28.00
    Monthly avg$2.33

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