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

Purpose High Interest Savings Fund (TSE:PSA) announced a monthly dividend on Monday, September 28th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date 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

PSA opened at C$50.09 on Friday. The company’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 12-month low of C$50.00 and a 12-month 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.