Liberty Latin America Declares $500M Special Dividend of 9% Preference Shares
LILA sits 56% above its 52-week low of $4.81.
Summary
Liberty Latin America has formally declared a special dividend of Series A Preference Shares, distributing one preference share for every ten common shares held. This dividend has an initial liquidation preference of $25 per share, totaling approximately $500 million in aggregate liquidation preference. The new preference shares will pay a 9.0% annual dividend and are expected to trade separately under the symbol "LILAP." This declaration formalizes the company's previously announced intent from its May 7th Q1 2026 earnings report to distribute preferred stock. The record date for the dividend is June 1, 2026, with a distribution date of June 16, 2026.
At the time of this announcement, LILA was trading at $7.52 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $4.81 to $9.04. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.