Purpose High Interest Savings Fund (TSE:PSA) Hits New 52-Week Low - Here's What Happened

Key Points

• Purpose High Interest Savings Fund (TSE:PSA) has reached a new 52-week low, trading at C$50.00 during mid-day trading with a recent volume of 126,724 shares.
• The firm announced an increase in its monthly dividend to $0.1182 per share, providing an annualized total of $1.42 and a dividend yield of 2.84%.
• The ex-dividend date for the new dividend has been set for July 29th, with payments scheduled for August 5th.

Purpose High Interest Savings Fund (TSE:PSA - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as C$50.00 and last traded at C$50.01, with a volume of 126724 shares trading hands. The stock had previously closed at C$50.00.

Purpose High Interest Savings Fund Stock Up 0.1%

The stock's fifty day simple moving average is C$50.06 and its two-hundred day simple moving average is C$50.06.

Purpose High Interest Savings Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 5th. Stockholders of record on Tuesday, August 5th will be paid a $0.1182 dividend. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Purpose High Interest Savings Fund's previous monthly dividend of $0.10.

Purpose High Interest Savings Fund Company Profile

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc NYSE: PSB which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020.