Leoni to raise dividend 37 pct to 0.57 euros/share

Newswire

FRANKFURT, March 21 (Reuters) - German automotive supplier Leoni plans to raise its dividend for 2005 to 0.57 euros per share, it said in an invitation to its annual general meeting published on Tuesday. The figure represents a 37 percent increase over what it paid for 2004, adjusted to take account of a share split, but falls short of the 0.59 euros per share average forecast in a Reuters poll of 12 analysts. Leoni, which makes automotive cable and wiring systems, is due to hold its ...

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