PR and advertising group MDC Partners reported second quarter revenue climbed 5.3% to $288.1M and raised forecasts for the rest of 2013. Net income jumped to $11.3M after an $18.3M loss in Q2 of 2012.

Chairman and CEO Miles Nadal called the Q2 results "very strong" and said the company, which owns PR units Allison & Partners, Kwittken & Co. and Sloane & Co., will return to paying quarterly dividends, to be increased to $0.17 per share, a 21.4% hike. Added CFO David Doft: "While we will certainly utilize the cash on our balance sheet to invest in the growth of the business, we also believe that it is prudent to return cash to shareholders in the form of a dividend."

Strategic marketing services, the division that contains PR and advertising, posted revenue of $200.9M for the quarter, up 9/3% from $183.8M in Q2 of 2012. Its data and analytics operation, known as performance marketing services, was down 3.4% to $87.3M over 2012.

MDC also revised upward its growth forecast for 2013 to 8-10%.