Royal Bank of Canada posts higher profit, raises dividend

Thu Aug 29, 2013 6:19am EDT
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TORONTO Aug 29 (Reuters) - Royal Bank of Canada reported a higher quarterly profit on Thursday, as higher consumer loan volumes and wealth management fees more than offset a drop in fixed-income trading revenue.

The bank, Canada's largest, also raised its quarterly dividend by 6 percent to 67 Canadian cents per share.

Toronto-based RBC earned C$2.3 billion ($2.19 billion), or C$1.52 a share, in the third quarter ended July 31, compared with C$2.2 billion, or C$1.47 a share, a year earlier.