The Montreal-based company’s quarterly payment to shareholders will go up by 5.2 per cent to 45.55 cents per common share. MONTREAL - Power Financial Corp. announced a quarterly dividend increase Wednesday as it reported a fourth-quarter profit of $478 million. Power Financial also reported a profit of 67 cents per share for the quarter ended Dec. 31 compared with a profit of $225 million or 32 cents per share in the last three months of 2017. On an adjusted basis, the company says it earned $460 million or 65 cents per share for the quarter compared with an adjusted profit of $547 million or 77 cents per share a year earlier. Analysts on average had expected a profit of 77 cents per share, according to Thomson Reuters Eikon.

Source: thestar March 20, 2019 13:07 UTC