UPDATE 1-PGNiG shareholders approve higher dividend payout

* Approved dividend twice the management proposal

* Shares outperform market, up 3.2 pct

(Adds details, shares)

WARSAW, June 23 (Reuters) - Shareholders of Poland's dominant gas provider PGNiG (PGNI.WA) voted for a 531 million zlotys ($163.3 million) dividend at the behest of the state treasury and more than twice the amount proposed by management.

The approved dividend amounts to 0.09 zlotys per share versus 0,04 zlotys proposed by the company.

Poland, which has been pushing for higher dividends at state-controlled companies to plug a gaping budget hole, will receive its share of PGNiG's dividend, or 382.5 million zlotys, in non-cash assets.

By 1242 GMT, PGNiG shares rose 3.2 percent to 4.20 zlotys, while Warsaw's main index .WIG20 was nearly flat. ($1=3.251 Zloty) (Reporting by Patryk Wasilewski, writing by Chris Borowski; Editing by Hans Peters)