Purpose High Interest Savings Fund (TSE:PSA) Shareholders to Receive $0.09 Monthly Dividend

Purpose High Interest Savings Fund (TSE:PSA) announced a monthly dividend on Wednesday, October 28th. Investors of record on Tuesday, November 3rd will be given a dividend of $0.0896 per share on Tuesday, November 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, October 28th. This is a 6.3% decrease from Purpose High Interest Savings Fund’s previous monthly dividend of $0.0956.

Purpose High Interest Savings Fund Stock Performance

Purpose High Interest Savings Fund stock opened at C$50.09 on Wednesday. The stock has a 50-day moving average price of C$50.05 and a 200 day moving average price of C$50.05. Purpose High Interest Savings Fund has a 52 week low of C$50.00 and a 52 week high of C$50.12.

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.