Purpose High Interest Savings Fund (PSA) to Distribute Monthly Dividend of $0.10 on October 2nd

by · The Markets Daily

Purpose High Interest Savings Fund (TSE:PSA – Get Free Report) declared a monthly dividend on Monday, September 28th. Investors of record on Friday, October 2nd will be given a dividend of $0.0956 per share on Friday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 28th. This is a 10.4% increase from Purpose High Interest Savings Fund’s previous monthly dividend of $0.0866.

Purpose High Interest Savings Fund Price Performance

Shares of PSA opened at C$50.09 on Friday. Purpose High Interest Savings Fund has a 1 year low of C$50.00 and a 1 year high of C$50.12. The company’s fifty day moving average is C$50.05 and its two-hundred day moving average is C$50.05.

About Purpose High Interest Savings Fund

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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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