Montreal-based Fiera Capital Corp. Wednesday reported strong revenues and earnings for the second quarter, supporting a nine per cent increase in its quarterly dividend.

Net income attributable to shareholders of Fiera (TSX:FSZ) totalled $7.7 million, or $0.11 per share (basic and diluted) for the second quarter, against $2.7 million or $0.04 per share (basic and diluted) for the quarter ended March 31, 2014 and $3.4 million, or $0.06 per share (basic and diluted) for the quarter ended June 30, 2013.

Management fees and other revenues increased $2.2 million or 4% from the previous quarter ended March 31, 2014 to $51.6 million for the second quarter. They are also up $18.8 million or 57% compared to the corresponding ended June 30, 2013 quarter.

Performance fees for the second quarter were $4.1 million against $0.5 million for the previous quarter ended March 31, 2014 and $0.3 million for the same quarter in 2013 “due to strong performance of alternative funds,” the company said in a statement.

Assets under management increased by $1.7 billion, or 2%, to $82.1 billion in the second quarter of 2014 from $80.4 billion in the first quarter of the year.

AUM were up by $17 billion, or 26%, from $65.1 billion in the second quarter of 2013.

Fiera’s board of directors declared a dividend of $0.12 per Class A subordinate voting share and Class B special voting share of Fiera Capital, payable on September 22, to shareholders of record at the close of business on August 25.