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Saputo Inc.

11:34 AM EST - Saputo Inc. : said its first-quarter net earnings totaled $84.8 million or $0.41 per share, up from $83.0 million or $0.40 per share in the prior-year period. Revenues for the quarter rose to $1.44 billion from $1.36 billion in the comparable period. The Board of Directors reviewed the dividend policy and increased the quarterly dividend from $0.14 per share to $0.145 per share, representing a 3.6% increase, which is payable on September 18, 2009 to common shareholders of record on September 7, 2009. Saputo Inc. shares T.SAP are trading up $0.68 at $24.22.