* Q1 earnings per share C$0.68
* Total assets under management C$123.4 billion
* Mutual fund sales for the quarter were C$1.9 billion
TORONTO, May 7 (Reuters) - IGM Financial Inc IGM.TO, Canada’s No. 2 mutual fund company, said on Friday its first-quarter profit jumped 33 percent amid soaring mutual fund sales.
Winnipeg, Manitoba-based IGM said net income was C$178.7 million, or 68 Canadian cents a share, compared with net income of C$133.5 million or 51 Canadian cents a share a year earlier.
Mutual fund sales totaled C$1.9 billion compared with C$1.4 billion, with net sales of C$560 million, up from C$309 million a year ago.
Total assets under management as of March 31 were C$123.4 billion, up 25 percent.
IGM also said its board declared a dividend of C$0.5125 per common share and a C$0.36875 for each 5.90 percent, non-cumulative first preferred share.
The common share dividend is payable on July 30 and the preferred share dividend is payable on Aug. 3.
$1=$1.04 Canadian Reporting by Pav Jordan; editing by Rob Wilson