Purpose High Interest Savings Fund to Issue Monthly Dividend of $0.08 (TSE:PSA)

Purpose High Interest Savings Fund (TSE:PSA) declared a monthly dividend on Wednesday, February 25th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 3rd will be given a dividend of 0.0819 per share on Tuesday, March 3rd. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, February 25th.

Purpose High Interest Savings Fund Stock Down 0.1%

PSA traded down C$0.07 during trading on Wednesday, hitting C$50.01. The company’s stock had a trading volume of 109,234 shares, compared to its average volume of 125,802. The business’s 50 day simple moving average is C$50.05 and its 200-day simple moving average is C$50.05. Purpose High Interest Savings Fund has a one year low of C$50.00 and a one year high of C$50.12.

About Purpose High Interest Savings Fund

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.