Purpose High Interest Savings Fund (TSE:PSA) to Issue Dividend Increase - $0.10 Per Share

Key Points

• Purpose High Interest Savings Fund declared a monthly dividend of C$0.0953 per share (a 7.2% increase from C$0.09) with an annualized yield of 2.3%; the ex-dividend date is April 28 and the dividend is payable to holders of record on May 4.
• The Fund seeks to maximize monthly income while preserving capital and liquidity by investing substantially all assets in high-interest deposit accounts at chartered banks and credit unions.
• Shares trade around C$50.09, with 50- and 200-day moving averages near C$50.05 and a tight 1-year range of C$50.00–C$50.12, signaling very stable pricing.

Purpose High Interest Savings Fund (TSE:PSA - Get Free Report) declared a monthly dividend on Tuesday, April 28th, TickerTech Dividends reports. Stockholders of record on Monday, May 4th will be paid a dividend of 0.0953 per share on Monday, May 4th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, April 28th. This is a 7.2% increase from Purpose High Interest Savings Fund's previous monthly dividend of $0.09.

Purpose High Interest Savings Fund Price Performance

Shares of TSE:PSA opened at C$50.09 on Tuesday. The business's 50-day moving average is C$50.05 and its 200-day moving average is C$50.05. Purpose High Interest Savings Fund has a 1 year low of C$50.00 and a 1 year high of C$50.12.

Purpose High Interest Savings Fund Company Profile

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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