Royal Bank hikes its dividend as its Q3 net income rises 6 per cent to $3.3B

TORONTO -- Royal Bank of Canada increased its dividend as its third-quarter profit rose five per cent to $3.3 billion, but the lender's latest earnings missed estimates as challenging market conditions weighed on its capital markets division. The Toronto-based lender said Wednesday it will now pay a quarterly dividend of $1.05 per share, up three cents or three per cent. The increased payment to shareholders came as RBC reported $3.3 billion in net income for the quarter ended July 31, up five p