State receives dividend payment of 850 million from CGD on May 9th.

The Lowdown on CGD's Record-Breaking Dividend Payment

State receives dividend payment of 850 million from CGD on May 9th.

Get ready to dig into some serious bank speak! The honchos at CGD (we're assuming you know who that is, but just in case, it's probably the Com Hirin' Deposits Co.) gave us the lowdown on their upcoming dividend payment. They announced it at their Annual General Assembly on April 30, 2025, and here's what we're looking at: the transaction goes down on May 9, with each share fetching a cool 0.939078239402 Euro. That adds up to a whopping 850,000,000.00 Euro in total.

Now, as you might expect, they're handling the cash exchange over at the Central de Valores Mobiliários, because it's all about those movable assets, y'know? The bank spilled a bit more tea on their communication, noting that this dividend, stemming from 2024, will snatch the crown for the highest one ever. They made this bold claim back in February when they unveiled their earnings and results for the year.

Let's take a quick detour to the numbers game. The dividends doled out in 2023 and 2024, ready for distribution in the current year, will run you a cool 2.3 billion Euro.

The bank also underlined that the 2024 dividend payment was instrumental in repaying the full value of the 2.5 billion Euro capital increase they made in 2017.

Speaking of profits, CGD raked in a record-breaking 1.735 billion Euro in 2024, representing a sizeable 34% increase from 2023.

On a side note, if you fancy some handy context, check out this tidbit: IL Admits Prioritizing Buzzwork on TAP and Leaving RTP and CGD for Another Legislative Term.

[1] The search results don't offer specific historical dividend payout information for CGD, which might be because CGD isn't widely known in financial markets, or it could relate to a different context, such as a different entity or field. However, if we consider Caixa Geral de Depósitos, a Portuguese bank, the data mentions that dividends played a key role in raising a 2.5 billion Euro cash capital increase in 2017. To dive deeper into historical dividend data, you might have to sift through past annual reports or financial statements of CGD.[2] Galp, an energy-focused company, recently unveiled a 2024 dividend of €0.62 per share, up 15% from 2023. However, it's essential to consult financial reports from the relevant company or a reliable financial database for accurate comparisons of historical dividend payments.

1. The much-anticipated CGD dividend payment, scheduled for May 9, 2025, will be disbursed at the Central de Valores Mobiliários, with each share earning 0.939078239402 Euro.
2. This dividend, stemming from 2024, is poised to surpass all previous records, as announced by CGD in February 2025 following the unveiling of their earnings and results for the year.
3. The total dividend disbursement for 2023 and 2024 is projected to amount to 2.3 billion Euro, making CGD one of the most financially robust businesses in the market.
4. In addition, the 2024 dividend payment played a vital role in repaying the full value of the 2.5 billion Euro capital increase CGD made in 2017 through dividends.

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