Czech Philip Morris AGM approves CZK 560/share div

PRAGUE, April 29 | Wed Apr 29, 2009 6:50am EDT

PRAGUE, April 29 (Reuters) - The annual shareholders meeting of Czech tobacco group Philip Morris CR (TABKsp.PR) approved a 560 crown ($27.74) per share dividend on Wednesday, Czech news agency CTK reported.

The group, majority owned by Philip Morris International (PM.N), will pay out 1.537 billion crowns in total, including 3 million in retained earnings.

Shares in the Czech group traded 2.6 percent higher by 1045 GMT at 5,390 crowns. (Reporting by Jason Hovet, editing by Will Waterman)

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