Royal Bank of Canada raises dividend as profit edges higher

Wed Feb 26, 2014 6:14am EST
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TORONTO Feb 26 (Reuters) - Royal Bank of Canada said on Wednesday its first-quarter profit rose 2 percent due largely to higher capital markets income and raised its dividend by 6 percent.

Canada's largest bank said it earned C$ 2.09 billion, or C$1.38 a share, in the fiscal first quarter ended Jan. 31. That compared with a profit of C$2.05 billion, or C$1.34 a share, a year earlier.