Volkswagen 2011 results slightly below expectations

Newswire

FRANKFURT, Feb 24 (Reuters) - Volkswagen, the world's second largest carmaker, posted annual operating results and a dividend proposal for 2011 on Friday that came in slightly below expectations. Operating profit rose 58 percent to 11.27 billion euros ($15.00 billion) last year, less than the average estimate of 11.36 billion in a Reuters poll. Preferred stockholders will receive a payout of 3.06 euros per share, which was below the average estimate of 3.16 euros. ($1 = 0.7511 euros) ...

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