Purpose High Interest Savings Fund (TSE:PSA) Announces Dividend Increase – $0.10 Per Share

Purpose High Interest Savings Fund (TSE:PSA) declared a monthly dividend on Wednesday, July 29th, TickerTech Dividends reports. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.0989 per share on Wednesday, August 5th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 29th. This is a 10.1% increase from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09.

Purpose High Interest Savings Fund Stock Up 0.0%

PSA stock opened at C$50.10 on Wednesday. Purpose High Interest Savings Fund has a twelve month low of C$50.00 and a twelve month high of C$50.12. The stock has a 50-day simple moving average of C$50.05 and a two-hundred day simple moving average of 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.