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The TMX Group reported net income of $95.6 million for the second quarter this year, an increase of 44% year over year.

The increase was mainly from a sale of its stake in TMX FTSE for $26.8 million, the company reported.

The quarterly diluted earnings per share was $1.71 for the second quarter, up 44% from the same period in 2017.

TMX is also maintaining its dividend of $0.58 on each common share.

Read:

ETF sector on TSX hit $150B AUM high in April

TMX Group reports dividend increase and net income bump of 33%

Originally published on Advisor.ca
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