(Bloomberg) -- Royal Bank of Canada, the first Canadian lender to report third-quarter results, said profit rose 4% to a record, led by investment banking, and boosted its dividend by almost 6%.

Net income for the period ended July 31 climbed to C$2.38 billion ($2.17 billion), or C$1.59 a share, from C$2.29 billion, or C$1.51, a year earlier, the Toronto-based bank said today in a statement. Adjusted profit, which excludes some items, was C$1.64 a share, beating the C$1.57 average estimate of 12 analysts surveyed by Bloomberg.

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