UPDATE 3-VW dividend better than feared as profits slide


(Adds analyst comment, details on cash flow, updates shares) By Paul Hoskins FRANKFURT, Feb 18 (Reuters) - Germany's Volkswagen cut its dividend by less than some had feared on Wednesday, propping up its bruised shares despite a 2003 profit slump that was further dented by costly forays into the luxury car market. Europe's biggest car maker by sales, but now one of the region's least profitable, said operating profit fell 48 percent to 2.491 billion euros ($3.2 billion) last year and ...

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