Hearing implant maker Cochlear has boosted its dividend after reporting a 13 per cent increase in full-year profit to $277 million.

The company said total sales revenue for the 12 months to June 30 was up 7.0 per cent to $1.45 billion, with growth in its services business making up for a dip in the number of cochlear implants sold.

Cochlear will pay a fully franked final dividend of $1.75 a share, 1...