The Canadian Press
National Bank reports Q2 profit down from year ago, raises quarterly dividend
MONTREAL — National Bank of Canada raised its quarterly dividend and reported its second-quarter profit fell compared with a year ago as it faced higher non-interest expenses and increased provisions for bad loans. The Montreal-based bank said Wednesday it will now pay a quarterly dividend of $1.02 per share, up from 97 cents. The increased payment to shareholders came as National Bank reported a profit of $847 million or $2.38 per diluted share for the quarter ended April 30, down from a profit
