Portugal’s Caixa Geral de Depósitos (CGD) will distribute a dividend of €1.25 billion to the state on June 26th. This equates to approximately €1.38 per share. The announcement was made via a statement published with the Portuguese Securities Market Commission (CMVM). This substantial payout reflects the bank’s financial performance and profitability. The dividend represents a significant return for the state as the majority shareholder of CGD. The payment will contribute to state revenues and potentially fund public services or reduce national debt. This move signals confidence in the stability and success of Portugal’s largest bank.