Purpose High Interest Savings Fund (TSE:PSA) to Issue Monthly Dividend of $0.10

Purpose High Interest Savings Fund (TSE:PSA) announced a monthly dividend on Wednesday, July 29th, TickerTech Dividends reports. Shareholders of record on Wednesday, August 5th will be given a dividend of 0.0989 per share on Wednesday, August 5th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 29th. This is a 10.1% increase from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09.

Purpose High Interest Savings Fund Stock Down 0.2%

TSE:PSA opened at C$50.00 on Thursday. The company has a 50 day simple moving average of C$50.05 and a two-hundred day simple moving average of 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.

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.