Crescent Point raises dividend

Crescent Point Energy Corp. raised its quarterly dividend as it reported first-quarter net income of $1.18 billion, boosted by a reversal of a noncash impairment charge related to the rise in energy prices. The company said it will increase its quarterly dividend to 6.5 cents per share, up from 4.5 cents per share. The increased payment to shareholders came as Crescent Point said it earned $2.03 per diluted share for the quarter ended March 31, up from a profit of $21.7 million or four cents per diluted share a year ago.