Purpose High Interest Savings Fund (TSE:PSA) Trading 0% Higher – Still a Buy?

Purpose High Interest Savings Fund (TSE:PSA) shares traded up 0% on Tuesday . The company traded as high as C$50.08 and last traded at C$50.08. 83,434 shares traded hands during trading, a decline of 33% from the average session volume of 124,232 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Trading Up 0.0%

The business’s 50-day simple moving average is C$50.06 and its 200 day simple moving average is C$50.06.

Purpose High Interest Savings Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, August 5th were given a $0.1182 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, July 29th. This is an increase from Purpose High Interest Savings Fund’s previous monthly dividend of $0.10.

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.