10:43 AM EST - IGM Financial Inc. : said it plans to hike its quarterly dividend by 6 percent after strong sales helped it book a fourth-quarter profit. Canada's biggest mutual fund manager boosted its quarterly dividend to 48.75 cents per share from 46 cents a share. The dividend hike came as the company reported net income was $234.3 million, or 88 cents a share in the fourth quarter, up from $199.6 million, or 75 cents, a year earlier. Analysts expected the company to earn 81 cents a share in the quarter, according to Reuters Estimates. IGM Financial Inc.
shares T.IGM are trading up $1.16 at $43.39.
