UPDATE 2-Bekaert chops dividend after solar panel slump

Newswire

(Updates after news conference, shares) * 2011 recurring op profit 281 mln euros vs forecast 314 mln * Cuts final dividend to 0.5 euros from 1 euro * Says should not expect interim dividend in 2012 * Cautious on developed markets, China * Shares down as much as 8.0 pct (Recasts lead, updates after new conference) BRUSSELS, Feb 24 (Reuters) - Belgian steel wire and cord maker Bekaert posted a near wipeout for profit in the second half of last year due to a collapse of the solar panel market ...

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