Purpose High Interest Savings Fund (TSE:PSA) Hits New 1-Year Low – Here’s What Happened

Purpose High Interest Savings Fund (TSE:PSA)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$50.00 and last traded at C$50.01, with a volume of 90315 shares. The stock had previously closed at C$50.08.

Purpose High Interest Savings Fund Price Performance

The company’s 50-day moving average is C$50.05 and its two-hundred day moving average is C$50.05.

Purpose High Interest Savings Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $0.0819 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 25th.

About Purpose High Interest Savings Fund

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.