Liberty Latin America has distributed a special dividend in the form of preferred stock to its shareholders. The move triggered significant trading volatility around the company's shares.
Shareholders of Liberty Latin America received the unusual payout recently. The new preferred shares carry a $25 liquidation value and offer a 9 percent yield.
The special dividend represents a one-time distribution. Trading in the company's common shares and the new preferred shares showed notable activity following the issuance.
Liberty Latin America operates as a telecommunications provider across Latin America. The company maintains ongoing share buybacks and maintains partnerships including with Starlink.
