RPT-Poland wins shareholder backing for higher KGHM dividend

Wed Jun 19, 2013 7:35am EDT

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LUBIN, Poland, June 19 (Reuters) - Poland, under pressure to keep a lid on the budget deficit, won shareholder backing on Wednesday for a 1.9 billion zlotys ($597 million)dividend payout from Europe's No.2 copper producer KGHM, a fifth more than the miner proposed.

Two-thirds of the shareholders at the annual meeting voted to back the proposal from the Treasury Ministry, which oversees state assets and holds a controlling 32-percent stake in the company.

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