Purpose US Cash Fund ETF (TSE:PSU.U) Declares Dividend Increase – $0.31 Per Share

Purpose US Cash Fund ETF (TSE:PSU.U) declared a monthly dividend on Monday, September 28th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.3104 per share on Friday, October 2nd. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, September 28th. This is a 10.4% increase from Purpose US Cash Fund ETF’s previous monthly dividend of $0.2811.

Purpose US Cash Fund ETF Stock Up 0.0%

TSE:PSU.U opened at C$100.31 on Friday. The company has a 50-day moving average of C$100.17 and a 200-day moving average of C$100.16. Purpose US Cash Fund ETF has a 52 week low of C$100.00 and a 52 week high of C$100.37.

About Purpose US Cash Fund ETF

This section outlines the investment objectives of each fund and the type of securities in which the fund may invest to achieve those investment objectives. A funds investment objectives may include capital preservation generating income capital growth or a combination of the three. Some mutual funds focus on diversification across asset classes while others take a focused investment theme investing in a particular country or sector as their objective. The fund invests primarily in high interest deposit accounts and highquality money market securities denominated in US dollars and generally with term to maturity not exceeding one year.