Purpose High Interest Savings Fund (TSE:PSA) Sets New 52-Week Low – Here’s What Happened

Purpose High Interest Savings Fund (TSE:PSA)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$50.00 and last traded at C$50.01, with a volume of 70168 shares trading hands. The stock had previously closed at C$50.09.

Purpose High Interest Savings Fund Trading Down 0.2%

The firm has a fifty 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 declared a monthly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd will be paid a $0.0956 dividend. This is a positive change from Purpose High Interest Savings Fund’s previous monthly dividend of $0.0866. The ex-dividend date of this dividend is Monday, September 28th. This represents a $1.15 annualized dividend and a dividend yield of 2.3%.

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.