Industrial Alliance raises dividend as profit climbs

Thu Feb 13, 2014 9:14am EST
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TORONTO Feb 13 (Reuters) - Industrial Alliance Insurance and Financial Services, Canada's fourth-largest life insurer, said on Thursday its fourth-quarter profit rose 26 percent, and the company boosted its dividend.

Net income attributed to common shareholders was C$91.1 million ($82.90 million), or 91 Canadian cents a share, for the quarter. That compared with a year-earlier profit of C$72.1 million, or 76 Canadian cents a share.

The Quebec City-based company raised its quarterly payout by 6 percent to 26 Canadian cents per share, it said.