Latam Airlines Group Sa (LTMAY) has released an update.
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LATAM Airlines Group S.A. has announced the approval of a definitive mandatory minimum dividend payment, distributing 30% of its net income from fiscal year 2023, amounting to US$174,549,442.99. Shareholders on record as of May 10, 2024, will receive a dividend of US$0.0002887797894 per share on May 16, 2024, with the exchange rate determined by the observed rate on May 10. The announcement emphasizes the company’s commitment to delivering shareholder value from the previous year’s profits.
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