The company raised its quarterly dividend by more than 22 percent to 5.5 Canadian cents.

Net income fell to $129.5 million, or 23 cents per share, in the fourth quarter ended April 26 from $145.1 million, or 25 cents per share, a year earlier.

Revenue fell 18.6 percent to $7.28 billion.

(Reporting by Solarina Ho in Toronto and Manya Venkatesh in Bengaluru; Editing by Sriraj Kalluvila)