11:34 AM EST - Cogeco Cable Inc. : is increasing its dividend 50 percent to 6 cents a share and hiking revenue forecasts after first-quarter profit jumped 39.3 percent to $12.5 million. The higher dividend is payable Feb. 7 to shareholders of record as of Jan. 24. Net income for the quarter ended Nov. 30 amounted to 31 cents a share and compared with $9 million or 23 cents per share a year ago. Revenue soared 54.8 percent to $222 million. Cogeco Cable Inc.
shares T.CCA are trading up $2.33 at $36.33.
