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Thursday, February 13, 2014

Industrial Alliance raises dividend as profit climbs, (TSE: IAG.TO)

Industrial Alliance Insurance and Financial Services, Canada's fourth-largest life insurer, said on Thursday its fourth-quarter profit rose 26 percent, and the company boosted its dividend. Net income attributed to common shareholders was C$91.1 million ($82.90 million), or 91 Canadian cents a share, for the quarter. That compared with a year-earlier profit of C$72.1 million, or 76 Canadian cents a share.

Industrial Alliance Insurance and Financial Services Inc. Shares of IAG traded higher by 0.5% or $0.22/share to $44.40. In the past year, the shares have traded as low as $34.37 and as high as $49.99. On average, 141508 shares of IAG.TO exchange hands on a given day and today's volume is recorded at 107033.