UPDATE 1-Continental proposes 0.80 euros per share dividend

Newswire

(Adds background, details, share) FRANKFURT, March 18 (Reuters) - German automotive supplier Continental AG proposed on Friday raising its 2004 dividend by 53.8 percent. "The Executive Board of Continental AG will propose -- pending final approval of the Supervisory Board on March 30, 2005 -- an increased dividend of 0.80 euros per share for 2004, at the annual shareholders' meeting in May," it said in a statement. Continental paid a dividend of 0.52 euros per share on 2003 results. ...

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