Purpose High Interest Savings Fund (TSE:PSA) Announces Dividend Increase – $0.09 Per Share

Purpose High Interest Savings Fund (TSE:PSA) declared a monthly dividend on Friday, March 27th, TickerTech Dividends reports. Stockholders of record on Thursday, April 2nd will be given a dividend of 0.0889 per share on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, March 27th. This is a 8.5% increase from Purpose High Interest Savings Fund’s previous monthly dividend of $0.08.

Purpose High Interest Savings Fund Stock Up 0.0%

TSE PSA opened at C$50.09 on Friday. Purpose High Interest Savings Fund has a 52 week low of C$50.00 and a 52 week high of C$50.12. The firm’s 50-day simple moving average is C$50.05 and its two-hundred day simple moving average is C$50.05.

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.