LATAM (LTM) climbs as market looks to April 23 vote on final 2025 dividend
LATAM Airlines Group’s U.S.-listed ADS (LTM) is rising as investors position ahead of the April 23, 2026 ordinary shareholders’ meeting where the board proposed approving a final mandatory 2025 dividend (Dividend No. 55) totaling about US$38.0 million. Recent reported March 2026 traffic and cargo growth has also supported airline sentiment into the meeting.
1. What’s moving the stock
LATAM Airlines Group’s ADSs are higher today as attention centers on the company’s April 23, 2026 ordinary shareholders’ meeting agenda, which includes a board proposal to approve a definitive “minimum mandatory” final dividend for fiscal 2025 (Dividend No. 55). The board-approved proposal totals the Chilean peso equivalent of US$37,995,268.60 and is designed to complete a 30% distribution of 2025 distributable net income when combined with the provisional Dividend No. 54 paid on December 23, 2025. (stocktitan.net)
2. Dividend details investors are focusing on
Dividend No. 55, as proposed, equates to the peso equivalent of US$0.0000661689498 per common share, and is characterized as a definitive minimum mandatory dividend under local distribution requirements. For U.S. investors, the practical impact depends on the ADS-to-common-share ratio (each ADS represents 2,000 common shares), and on the dividend’s eventual FX translation and timing once approved. (stocktitan.net)
3. Fundamental backdrop: traffic momentum into the meeting
Separately, LATAM’s latest disclosed operating statistics showed year-over-year improvement in March 2026 traffic, helping keep the fundamental narrative constructive heading into the shareholder vote. Better demand and cargo trends can reinforce expectations that LATAM will continue returning capital while maintaining profitability. (finance.yahoo.com)