UPDATE 1-Modine Q4 loss widens; slashes dividend by 43 pct

Newswire

(Adds details, share movement) May 27 (Reuters) - Modine Manufacturing Co , a maker of heating and cooling systems for vehicles, posted a wider fourth-quarter loss, hurt by restructuring and asset-impairment charges, and slashed its quarterly dividend by 43 percent, sending its shared down as much as 11 percent. The company cut its quarterly cash dividend to 10 cents a share from 17.5 cents a share, citing the need to provide financial flexibility and support reinvestment. For the ...

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