Janus Capital profit rises 24 percent

Tue Apr 23, 2013 7:48am EDT

(Reuters) - Asset manager Janus Capital Group (JNS.N) reported a 24 percent higher first-quarter profit as fees from investment management rose and customers continued to invest in its funds.

The Denver-based company's net income rose to $28 million, or 15 cents per share, from $22.6 million, or 12 cents per share, a year earlier.

Total assets under management rose to $163.8 billion at March 31, from $156.8 billion three months earlier.

Janus also approved a 17 percent increase in its quarterly dividend to $0.07 per share.

(Reporting by Ashutosh Pandey in Bangalore; Editing by Supriya Kurane)