0001047716-26-000052
SEC filingLATAM Airlines Group S.A. announced a definitive mandatory dividend of US$37,995,268.60 (US$0.0000661689498 per share) to be paid on May 14, 2026, representing the second installment toward a total 30% distribution of FY2025 distributable net income.
This filing discloses a proposed definitive mandatory dividend under Chilean corporate law, reflecting LATAM’s compliance with statutory profit distribution requirements for Fiscal Year 2025. The Board has proposed Dividend No. 55 — the second and final installment — to complete a total payout of 30% of distributable net income, following the provisional Dividend No. 54 paid in December 2025. While the aggregate amount (US$37.995 million) and per-share value are precisely stated, the actual peso-denominated payment will depend on the 'observed' exchange rate published in the Official Gazette on May 8, 2026 — introducing foreign exchange risk for investors receiving payments in CLP. The proposal remains subject to shareholder approval at the Ordinary Shareholders’ Meeting on April 23, 2026, meaning no legal obligation to pay arises until that vote occurs. Unlike discretionary dividends, this mandatory distribution is tied to statutory requirements rather than capital allocation strategy, limiting its signaling value regarding future cash flow generation or balance sheet strength. No guidance, earnings metrics, or forward-looking statements accompany the announcement, and no balance sheet or cash flow data is provided in the exhibit.