Aug 10 (Reuters) - Stella-Jones Inc, which makes wood products for railroads and utilities, reported a 21 percent rise in second-quarter profit on strong demand for railway ties.
The company also raised its quarterly dividend to 16 Canadian cents from 15 Canadian cents.
The net income rose to C$20.8 million ($20.9 million), or C$1.30 per share, from C$17.3 million, or C$1.08 per share, a year earlier.
Revenue increased 13 percent to C$203.9 million. Sales of railway ties — used as a base for railway tracks — were up nearly 26 percent at C$120.1 million.
Shares of the Montreal-based company closed at C$57.72 on Thursday on the Toronto Stock Exchange.