Purpose US Cash Fund ETF (TSE:PSU.U) Plans Dividend Increase – $0.32 Per Share

Purpose US Cash Fund ETF (TSE:PSU.U) announced a monthly dividend on Wednesday, July 29th, TickerTech Dividends reports. Investors of record on Wednesday, August 5th will be given a dividend of 0.3207 per share on Wednesday, August 5th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 29th. This is a 10.3% increase from Purpose US Cash Fund ETF’s previous monthly dividend of $0.29.

Purpose US Cash Fund ETF Stock Down 0.3%

PSU.U opened at C$100.01 on Thursday. Purpose US Cash Fund ETF has a one year low of C$100.00 and a one year high of C$100.37. The business has a 50 day simple moving average of C$100.16 and a two-hundred day simple moving average of C$100.15.

About Purpose US Cash Fund ETF

This section outlines the investment objectives of each fund and the type of securities in which the fund may invest to achieve those investment objectives. A funds investment objectives may include capital preservation generating income capital growth or a combination of the three. Some mutual funds focus on diversification across asset classes while others take a focused investment theme investing in a particular country or sector as their objective. The fund invests primarily in high interest deposit accounts and highquality money market securities denominated in US dollars and generally with term to maturity not exceeding one year.