08:08 AM EDT, 04/04/2024 (MT Newswires) -- AGF Management (AGF-B.TO), trading at 52 week highs, on Thursday reported first quarter adjusted net income of $33.7 million, or $0.51 per diluted share. The comparable figures for Q1 2023 were $17.8 million and $0.27, respectively. The company also increased quarterly dividend to $0.115 per share.

The company reported total net revenue of $103 million, compared with $80.1 million, the year before.

AGF generated free cash flow of $17.2 million, for Q1 2024, compared with $19.3 million for the prior year quarter.

Total assets under management were $45 billion (Q1 2023: $41.9 billion.)