Shares of Purpose High Interest Savings Fund (TSE:PSA – Get Free Report) rose 0% during mid-day trading on Thursday . The stock traded as high as C$50.08 and last traded at C$50.08. Approximately 76,483 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 114,119 shares. The stock had previously closed at C$50.07.
Purpose High Interest Savings Fund Price Performance
The company’s fifty day moving average is C$50.05 and its 200-day moving average is C$50.05.
Purpose High Interest Savings Fund Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, May 4th. Stockholders of record on Monday, May 4th were paid a dividend of $0.0953 per share. The ex-dividend date was Tuesday, April 28th. This represents a c) annualized dividend and a dividend yield of 2.3%. This is a boost from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09.
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.
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