AGF Management (AGF-B.TO) on Wednesday said its fiscal second-quarter adjusted net income attributable and revenue rose.
For the three months ended May 31, the company reported adjusted net income attributable to equity owners of C$46.9 million or C$0.72 per share, compared with C$26.0 million, or C$0.39, a year earlier. The result beat a consensus estimate compiled by FactSet of C$0.54 EPS.
Total adjusted net revenue increased to C$126.7 million in the quarter compared with C$99.0 million, a year-ago, missing a consensus estimate compiled by FactSet of C$155.7 million.
The company's board of directors declared a dividend of C$0.135 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company, unchanged from the prior quarter. This Q2 dividend will be payable on July 16, to shareholders of record on July 2.
AGF also reported free cash flow of C$36.4 million in Q2 compared with C$24.0 million, in the prior-year period.
The company Class B shares were last seen up C$0.36, or 1.8%, to C$19.93 on the Toronto Stock Exchange.
Price: $19.93, Change: $+0.36, Percent Change: +1.84%