Purpose High Interest Savings Fund (TSE:PSA – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$50.00 and last traded at C$50.00, with a volume of 91439 shares changing hands. The stock had previously closed at C$50.09.
Purpose High Interest Savings Fund Stock Performance
The firm has a 50-day moving average price of C$50.05 and a 200 day moving average price of C$50.05.
Purpose High Interest Savings Fund Increases Dividend
The business also recently declared a monthly dividend, which was paid on Monday, May 4th. Investors of record on Monday, May 4th were given a dividend of $0.0953 per share. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, April 28th. This is a positive change 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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