National Bank of Canada is reporting a 30% increase in profit for the second quarter ended April 30, prompting the bank to raise its dividend.

Canada’s sixth-largest bank said net income was $180 million, or $1.01 a share, for the quarter, up from $138 million, or 73¢ a share, a year ago.

Revenue increased 14% to $884 million.

The bank said stronger equity prices and trading volumes helped profit at the bank’s wealth management unit surge 74%, while income at the bank’s financial markets segment climbed 59%.

The bank’s retail segment posted a 16% profit increase.

“With our three segments each posting earnings growth of more than 10%, we are satisfied that we are on course to meet our annual targets,” Real Raymond, the bank’s chief executive, said in a news release.

The bank said loan loss provisions were reduced to $19 million from $41 million, while return on equity was 19%, up from 14.8% in the year-before period.

The bank increased its quarterly dividend by 15% to 38¢ a share.