Purpose High Interest Savings Fund (TSE:PSA) Stock Price Up 0% – Still a Buy?

Purpose High Interest Savings Fund (TSE:PSA)’s share price traded up 0% during mid-day trading on Monday . The stock traded as high as C$50.08 and last traded at C$50.08. 61,867 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 107,389 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Trading Up 0.0%

The business 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 Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, August 5th were issued a $0.0989 dividend. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 29th. This is a positive change from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09.

Purpose High Interest Savings Fund Company Profile

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.