National Bank of Canada Posts 6% Rise In FQ2 Operating Profit, Lifts Dividend

National Bank of Canada

reported a 6% rise in its fiscal second-quarter operating profit and raised its quarterly dividend by 5%. The bank's quarterly profit from ongoing operations jumped to C$369 million ($356.8 million), or C$2.08 per share, from C$347 million, or C$1.95 per share, in the year-earlier period. Its net income dropped to C$434 million, or C$2.49 per share, versus C$533 million, or C$3.22 per share. The bank lifted its quarterly dividend to 87 Canadian cents per share from 83 Canadian cents per share. National Bank of Canada shares closed at $108.21 yesterday.