LATAM Airlines Group S.A.’s American Depositary Shares (NYSE: LTM) rose about 5% in the latest session as market attention centered on the company’s latest shareholder-return item: a board-backed proposal for a final 2025 dividend scheduled for approval at the ordinary shareholders’ meeting on April 23, 2026. The proposal covers a definitive, minimum mandatory dividend labeled “Dividend No. 55,” with a total payout equal to the Chilean peso equivalent of about $37,995,268.60, and it requires shareholder approval before any payment can be made.

The proposed payout is framed as the final piece to complete LATAM’s minimum distribution for fiscal 2025 when combined with the provisional Dividend No. 54 that was paid on December 23, 2025. In other words, today’s move appears tied to investors repricing LTM around an approaching vote and the visibility of cash distributions tied to 2025 results rather than a new operational headline.

The dividend catalyst lands in a broader context in which LATAM has been pointing to sustained profitability and capital-return capacity, including previously approved share repurchase programs. With another shareholder meeting date on the near-term calendar (April 23, 2026), the stock’s upside move suggests incremental demand from investors positioning for payout confirmation and continued capital discipline.