(Reuters) — Saputo Inc., one of Canada’s largest dairy processors, boosted its dividend and reported a larger quarterly profit last week, citing higher year-over-year dairy prices.
The dividend will edge up to 16 cents per share from 15 cents, payable Sept. 15.
For its fiscal first quarter ended June 30, net income rose 13 percent to $200.3 million, or 51 cents a share, from $176.7 million, or 44 cents, a year earlier.
Revenue rose 9.9 percent to $2.9 billion.
