Purpose High Interest Savings Fund (TSE:PSA) Hits New 1-Year Low – What’s Next?

Purpose High Interest Savings Fund (TSE:PSA)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$50.00 and last traded at C$50.01, with a volume of 174735 shares changing hands. The stock had previously closed at C$49.99.

Purpose High Interest Savings Fund Trading Up 0.0 %

The stock’s fifty day moving average is C$50.06 and its two-hundred day moving average is C$50.08.

Purpose High Interest Savings Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.1105 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.33 annualized dividend and a yield of 2.65%.

About Purpose High Interest Savings Fund

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020.