Purpose High Interest Savings Fund (TSE:PSA) Announces Dividend Increase - $0.09 Per Share

Key Points

• Dividend increase: Purpose High Interest Savings Fund (TSE:PSA) declared a monthly dividend of C$0.0889 per share (about C$0.09), payable to shareholders of record on April 2 with an ex-dividend date of March 27; this is an 8.5% increase from the prior monthly dividend and implies an annualized yield of about 2.1%.
• Fund strategy and stability: The ETF invests substantially all assets in high‑interest deposit accounts at Canadian banks and credit unions to maximize monthly income while preserving capital and liquidity, and its share price has been very stable around C$50.05–C$50.12 (opened C$50.09, 52‑week range C$50.00–C$50.12).

Purpose High Interest Savings Fund (TSE:PSA - Get Free Report) declared a monthly dividend on Friday, March 27th, TickerTech Dividends reports. Stockholders of record on Thursday, April 2nd will be given a dividend of 0.0889 per share on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, March 27th. This is a 8.5% increase from Purpose High Interest Savings Fund's previous monthly dividend of $0.08.

Purpose High Interest Savings Fund Stock Up 0.0%

TSE PSA opened at C$50.09 on Friday. Purpose High Interest Savings Fund has a 52 week low of C$50.00 and a 52 week high of C$50.12. The firm's 50-day simple moving average is C$50.05 and its two-hundred day simple 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.

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