The bank’s wealth management business earned $699M in the quarter.

TD Bank Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago, weighed down by one-time restructuring charges.

TD says its profit amounted to $3.28 billion or $1.82 per diluted share for the quarter ended Oct. 31, compared with a profit of $3.64 billion or $1.97 per diluted share a year ago.

On an adjusted basis, TD says it earned $2.18 per diluted share for its latest quarter, up from an adjusted profit of $1.72 per diluted share in the same quarter last year.

Revenue for the quarter totalled $15.49 billion, down from $15.51 billion a year ago, while the bank’s provision for credit losses amounted to $982 million, down from $1.11 billion in the same quarter last year.

Analysts on average had expected an adjusted profit of $2.03 per share, according to estimates compiled by LSEG Data & Analytics.

“TD had a strong fourth quarter, delivering robust fee and trading income in our markets-driven businesses as well as volume growth year-over-year in Canadian personal and commercial banking, capping a year of strong performance,” TD chief executive Raymond Chun said in a statement.

TD said its Canadian personal and commercial banking business earned $1.87 billion in its latest quarter, up from $1.82 billion a year ago as higher revenue was partially offset by higher provisions for credit losses and non-interest expenses.

The bank’s U.S. retail banking operations earned $719 million, up from $702 million in the same quarter last year.

TD’s wealth management business earned $699 million in the quarter, up from $349 million a year ago, while the bank’s wholesale baking group earned $494 million, up from $235 million in the same quarter last year.