UPDATE 1-Mexico's Televisa to propose dividend

(Adds pay per CPO share, stock price)

MEXICO CITY, Nov 10 (Reuters) - Grupo Televisa said on Tuesday it would propose a cash dividend payment totaling around 4 billion peso ($300 million) to its shareholders during a meeting next month.

Televisa (TLVACPO.MX) (TV.N), the leading Spanish-language show producer, said in a statement that it would propose paying 1.35 pesos per CPO share, payable in December.

Televisa shares inched down 0.07 percent to 55.71 pesos Tuesday afternoon. ($1=13.25 pesos) (Reporting by Cyntia Barrera Diaz)