Epcor net income down, but dividend to city rising

Epcor’s profits dropped last year, but the dividend it pays the city is going up, the company said Thursday.
It will boost its annual dividend to $166 million in 2018 from $153 million last year and $141 million in 2016.
Its 2017 net income was $256 million, compared to $309 million for the previous year when it sold Capital Power shares from which it also earned dividend income, according to the city-owned firm’s annual financial results.
The lower earnings were in line with ex