UPDATE 2-Volkswagen's bumper year ends in disappointment


* Implied Q4 operating profit 2.29 bln eur versus poll 2.38 bln * VW proposes 3.06 eur dividend versus poll 3.16 * Cash pile shrinks to 16.95 bln euros from 21 bln in a quarter * Shares down 0.2 percent (Adds details, background, analyst comment) By Christiaan Hetzner FRANKFURT, Feb 24 (Reuters) - Volkswagen, the world's second-largest carmaker, posted an unexpected decline in fourth-quarter operating profit as inventories of unsold vehicles nearly doubled, ending an otherwise bumper year ...

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