Citigroup Inc., the world’s biggest financial-services company, said today its fourth-quarter profit rose 12% to a record level, helped by growth in its consumer, investment and banking business.

Net income rallied to $5.32 billion, or $1.02 a share, from $4.76 billion, or 91 cents, in the previous year. Analysts were expecting $5.31 billion, or $1.01 a share. Revenue rose 9% to $21.9 billion.

Also Citigroup increased its quarterly dividend by 10% to 44 cents a share. The dividend will be paid on Feb. 25.