Conwert proposes 10 cent dividend

VIENNA, March 26 Wed Mar 26, 2014 4:45am EDT

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VIENNA, March 26 (Reuters) - Austrian property group Conwert proposed paying a 10 cent per share dividend on 2013 results, half of what it had said last March was likely.

"In light of the group profit a dividend of 0.10 euro per share will be proposed to shareholders at the next ordinary annual general meeting on May 7, 2014. This translates into 8.3 million euros ($11.44 million) based on the current number of shares outstanding," it said in a statement late on Tuesday.

The company had said last March it should be able to pay at least 0.20 euros per share for 2013.

($1 = 0.7258 Euros) (Reporting by Michael Shields, Editing by Angelika Gruber)