January 30, 2008 / 1:13 PM / in 10 years

AGF Management ups fourth-quarter profit, dividend

TORONTO, Jan 30 (Reuters) - AGF Management Ltd (AGFb.TO) said on Wednesday it more than doubled its fourth-quarter profit and hiked its quarterly dividend by 25 percent.

Canada’s third-largest publicly traded fund management firm reported net income from continuing operations of C$49.4 million, or 54 Canadian cents a share, for the three months ended Nov. 30, up from C$20.8 million, or 23 Canadian cents a share, in the same quarter a year ago.

$1=$1 Canadian Reporting by Frank Pingue; Editing by Scott Anderson

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