Canaccord Capital Inc., the Canadian brokerage whose stock has almost tripled this year, posted a second-quarter profit on higher investment-banking fees. The firm reinstated its dividend, after suspending it a year ago.

Net income for the period ended Sept. 30 was C$6.7 million ($6.3 million), or 12 cents a share, the Vancouver-based brokerage said today in a release. That compares with a year-ago loss of C$5.4 million, or 11 cents a share. Revenue rose 12 percent to C$123.7 million.

Canaccord benefited as capital markets rebounded from a year ago, when a global slump forced the firm to suspend its dividend and cut 170 jobs. A 46 percent gain in Canada’s benchmark S&P/TSX Composite Index from its March 9 low helped fuel stock sales and mergers, bolstering fees.

Canaccord was estimated to earn 15 cents a share excluding one-time items, according to Macquarie Capital Markets analyst Sumit Malhotra.

Canaccord rose 33 cents to C$11.22 yesterday in Toronto Stock Exchange composite trading.

Canaccord managed 18 Canadian stock sales in the quarter worth $343 million, up from 37 deals valued at $325.2 million a year earlier, according to Bloomberg data. The firm advised on five takeovers worth $371 million that closed in the quarter, down from seven deals worth $2.45 billion a year earlier, Bloomberg data show.

Canaccord said it will reinstate its quarterly dividend at 5 cents a share.

(Canaccord will hold a conference call to discuss its fiscal second-quarter results at 8 a.m. Toronto time at +1-416- 646-3096 or 1-800-731-6941 or at www.canaccordfinancial.com/EN/NewsEvents/Pages/Events.aspx.)