(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