Purpose High Interest Savings Fund (TSE:PSA) Shareholders to Get $0.09 Monthly Dividend

Purpose High Interest Savings Fund (TSE:PSA) declared a monthly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.0896 per share on Tuesday, November 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, October 28th. This is a 6.3% decrease from Purpose High Interest Savings Fund’s previous monthly dividend of $0.0956.

Purpose High Interest Savings Fund Price Performance

Shares of Purpose High Interest Savings Fund stock opened at C$50.09 on Wednesday. Purpose High Interest Savings Fund has a fifty-two week low of C$50.00 and a fifty-two week high of C$50.12. The business’s fifty day moving average is C$50.05 and its two-hundred day moving average is C$50.05.

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.