Bank of Nova Scotia today reported a record profit for the second quarter ended April 30. Scotiabank said profit rose 5%, boosted by strong growth at its international operations and solid domestic results.

“The bank’s capital position continues to be very strong, providing us with the flexibility to consider a broad range of growth options and, when coupled with our strong earnings, allowed us to once again increase the quarterly dividend,” Rick Waugh, Scotiabank’s president and chief executive, said in a release.

The bank said it earned $826 million, or 81¢ a share, up from $784 million, or 75¢ a share, in the year-before period.

Revenue fell to $2.69 billion from $2.77 billion, as the value of the Canadian dollar appreciated.

The bank said loan loss provisions fell to $35 million for the quarter from $130 million.

Return on equity rose to 22.3% from 21.8%.

The bank also said it will raise the dividend on its common shares by 2¢, to 34¢ a share for shareholders of record on July 5 for the quarter ending July 31.