Royal Bank of Canada Posts Rise In Q1 Profit, Lifts Dividend

Royal Bank of Canada RY reported a 2% rise in its first-quarter profit and lifted its dividend by 6%. The bank's quarterly earnings gained to C$ 2.09 billion, or C$1.38 per share, versus a year-ago profit of C$2.05 billion, or C$1.34 per share. Royal Bank of Canada shares closed at $65.59 yesterday.