Philips is proposing a EUR0.70 dividend for 2008, to be paid in the spring of 2009.

("Philips CEO: Also Sees A EUR0.70 Dividend For 09," published at 0659 GMT, incorrectly stated that the dividend was for 2009, rather than for 2008.)

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.