Purpose High Interest Savings Fund (TSE:PSA – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$50.00 and last traded at C$50.01, with a volume of 86587 shares traded. The stock had previously closed at C$50.09.
Purpose High Interest Savings Fund Price Performance
The firm’s 50 day moving average price is C$50.05 and its two-hundred day moving average price is C$50.05.
Purpose High Interest Savings Fund Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd will be issued a $0.0866 dividend. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, August 27th.
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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