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Kia Motors says to lift year-end dividend by over 40 pct

SEOUL, Jan 23 (Reuters) - Kia Motors Corp said on Friday that it would increase its year-end 2014 dividend by over 40 percent, joining sister company Hyundai Motor in raising payouts to investors concerned about slowing growth.

Kia Motors said it would pay a dividend of 1,000 won ($1) each common share held, compared with 700 won at the end of 2013. ($1 = 1,083.8000 won) (Reporting by Hyunjoo Jin; Editing by Miral Fahmy)