UPDATE 1-Tognum proposes dividend hike after Q4 miss

Newswire

* full-year adj EBIT falls short of market estimates * no 2009 outlook until March 26 * dividend of 0.70 euros per share proposed (Adds details, background) FRANKFURT, Feb 26 (Reuters) - Germany's Tognum proposed a higher than expected dividend after missing forecasts for its underylying operating profit last year, the maker of high-speed heavy diesel engines said on Thursday. Adjusted earnings before interest and tax (EBIT) gained 4.4 percent to 407 million euros, compared with an ...

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