Purpose High Interest Savings Fund (TSE:PSA) Shares Up 0% – Time to Buy?

Purpose High Interest Savings Fund (TSE:PSA) shares shot up 0% during mid-day trading on Wednesday . The stock traded as high as C$50.09 and last traded at C$50.09. 92,486 shares were traded during mid-day trading, a decline of 31% from the average session volume of 134,687 shares. The stock had previously closed at C$50.08.

Purpose High Interest Savings Fund Price Performance

The company has a 50-day simple moving average of C$50.06 and a 200-day simple moving average of C$50.07.

Purpose High Interest Savings Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.1286 per share. The ex-dividend date was Wednesday, January 29th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.08%.

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.