Tesla Yield Shares Purpose ETF Declares CAD 0.60 Dividend

Tesla (TSLA) Yield Shares Purpose ETF - ETF Units declares a CAD 0.60 dividend, a 26.11% increase. The dividend is payable on Sept. 3 for shareholders of record on Aug. 27, with an ex-dividend date of Aug. 27.

Tesla (TSLA) Yield Shares Purpose ETF - ETF Units has declared a CAD 0.60 dividend per share, marking a 26.11% increase from the previous period. The dividend is payable on September 3, 2025, to shareholders of record as of August 27, 2025, with an ex-dividend date of August 27, 2025. This dividend represents a forward yield of 26.11% [2].

The ETF, managed by Purpose Investments Inc., is designed to provide investors with exposure to the high-yielding stocks within the Tesla ecosystem. The dividend increase comes at a time when the ETF has seen significant price fluctuations, with a 40% year-to-date decline in its price [2].

Purpose Investments Inc., an asset management company with over $21 billion in assets under management, focuses on client-centric innovation and offers a range of managed and quantitative investment products. The company is led by entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company [1].

Investors are advised to review the prospectus and other disclosure documents before investing, as commissions, trailing commissions, management fees, and expenses may be associated with investment fund investments. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer, and there can be no assurance that the full amount of the investment will be returned [1].

References:
[1] https://finance.yahoo.com/news/purpose-investments-inc-announces-august-230000541.html
[2] https://seekingalpha.com/news/4487090-tesla-tsla-yield-shares-purpose-etf---etf-units-declares-cad-060-dividend