Spain's Repsol said board discussed dividend cut

MADRID, Nov 9 (Reuters) - Spanish oil major Repsol (REP.MC) said on Monday its board had discussed a possible cut to the dividend to be paid against 2009 earnings.

Spanish media reported that Repsol Chairman Antonio Brufau had suggested cutting the dividend to 0.85 euros a share, a 20 percent cut on 2008.

The main shareholder Sacyr SYV.MC had opposed the suggestion while shareholders Criteria (CRIT.MC) and Pemex PEMX.UL, Mexico's state oil company, supported it, media said.

"The dividend suggestion was a start to a discussion, not a formal proposal," a Repsol spokesman said. (Reporting by Sarah Morris, editing by Robert Hetz)