10:38 AM EST - Magna International Inc. : rumoured to be weighing a major investment in DaimlerChrysler, is cutting its quarterly dividend in half after its fourth-quarter profit declined to US$29 million from a year-ago US$83 million on restructuring charges and other one-time costs. The quarterly dividend will fall to 19 cents a share, payable March 23 to shareholders of record on March 13. Analysts' consensus forecast was for annual earnings of $1.17 a share, before one-time items, according to Thomson Financial. Magna International Inc.
shares T.MG.A are trading down $4.28 at $88.24.
