Manulife Financial net profit triples; company hikes dividend

Thu Aug 7, 2014 6:45am EDT
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TORONTO Aug 7 (Reuters) - Manulife Financial Corp said on Thursday its second-quarter profit more than tripled due to a stronger performance by investments and other market-related factors, and Canada's biggest life insurer raised its dividend for the first time since 2009.

Manulife said net income attributed to shareholders was C$943 million, or 49 Canadian cents a share, compared with C$259 million, or 12 Canadian cents a share, a year earlier.

The company said it was raising its quarterly dividend by 19 percent, or 2.5 Canadian cents, to 15.5 Canadian cents a share. (Reporting by Cameron French; Editing by Lisa Von Ahn)