August 28, 2012 / 11:53 AM / 5 years ago

Scotiabank profit climbs on office sale, raises dividend

Aug 28 (Reuters) - Bank of Nova Scotia profit rose 57 percent in the fiscal third quarter, helped by a C$614 million gain from the sale of its corporate headquarters in Toronto, it said on Tuesday.

Toronto-based Scotiabank, the country’s No. 3 lender, earned C$2.1 billion, or C$1.69 a share, in the three months ended July 31. That compared with a year-before profit of C$1.3 billion, or C$1.10 a share.

The bank raised its quarterly dividend by 2 Canadian cents to 57 Canadian cents a share.

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