Hudson City Bancorp of Paramus, N.J., continued to avoid the missteps plaguing rival lenders in the fourth quarter, and after reporting a 60% profit increase Wednesday the thrift company said it would raise its dividend by a penny, to 14 cents.

The $54.2 billion-asset company's net income rose to $124.3 million from a year earlier. That was up about 2% from the third quarter.

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