Montreal-based flight simulator company CAE Inc. increased its dividend as it reported its first-quarter profit and revenue improved compared with a year ago.
The simulator maker says it will now pay a quarterly dividend of 10 cents per share, up from nine cents.
The increased payment to shareholders came as it reported a first-quarter profit attributable to equity holders of $69.4 million or 26 cents per diluted share for the quarter ended June 30.
That compared with a profit of $59.6 million, or 22 cents per diluted share, in the same quarter a year earlier.
Revenue in the three-month period totalled $722 million, up from $656.2 million.
The company says its performance in the quarter was led by its civil aviation training division which saw 16 per cent growth.
Companies in this story: (TSX:CAE)
The Canadian Press