Purpose High Interest Savings Fund (TSE:PSA) Reaches New 52-Week Low – Here’s What Happened

Purpose High Interest Savings Fund (TSE:PSA)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$50.00 and last traded at C$50.01, with a volume of 78325 shares. The stock had previously closed at C$50.09.

Purpose High Interest Savings Fund Stock Down 0.2%

The stock has a 50 day simple moving average of C$50.05 and a 200 day simple moving average of C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, August 5th will be issued a $0.0989 dividend. The ex-dividend date is Wednesday, July 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. This is an increase 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.