Purpose US Cash Fund ETF (TSE:PSU.U) to Issue Monthly Dividend of $0.29

Purpose US Cash Fund ETF (TSE:PSU.U) declared a monthly dividend on Friday, March 27th, TickerTech Dividends reports. Shareholders of record on Thursday, April 2nd will be given a dividend of 0.2899 per share on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, March 27th. This is a 7.4% increase from Purpose US Cash Fund ETF’s previous monthly dividend of $0.27.

Purpose US Cash Fund ETF Stock Performance

Shares of TSE PSU.U opened at C$100.28 on Friday. The company has a 50-day moving average price of C$100.15 and a 200-day moving average price of C$100.17. Purpose US Cash Fund ETF has a 1 year low of C$100.00 and a 1 year high of C$100.38.

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.