National Bank of Canada today reported improved second-quarter profit revenues grew in the bank’s personal and commercial and wealth-management segments.

The bank said it its boosting its dividend after Q2 rose to $214 million, or $1.26 a share, from a year-earlier $202 million, or $1.15 a share.

The quarterly dividend will rise by 2¢, or 4% to 50¢ a share.

The bank reported robust growth in revenues in both the personal and commercial and wealth-management segments, as well as a slight decrease in operating expenses.

“Over 8% of personal savings on deposit with the six major Canadian banks, be they securities, mutual funds or other vehicles, are held at the bank – a proportion far exceeding our relative size in the Canadian market,” CEO Real Raymond said in a news release.

“This competitive advantage is fully reflected in our quarterly results and is a source of long-term profitability for our shareholders.”