Sabre declares dividend on mandatory convertible preferred stock

Rhea-AI Summary

Sabre Corporation (NASDAQ: SABR) has declared a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend will be paid on June 1, 2021, to shareholders on record by the close of business on May 15, 2021. As a key player in the global travel industry, Sabre provides essential technology solutions that manage over $260 billion in travel spend annually, serving more than 160 countries.

Positive

• Declared a dividend of $1.625 per share, emphasizing shareholder returns.
• Strengthens investor confidence through continued dividend payments.

Negative

• None.

SOUTHLAKE, Texas, April 28, 2021 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) today announced that its Board of Directors has declared a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. The dividend is payable on June 1, 2021 to holders of record of the mandatory convertible preferred stock as of the close of business on May 15, 2021.

About Sabre

Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

SABR-F

Contacts

Media:
Kristin Hays
Kristin.Hays@sabre.com 
sabrenews@sabre.com

Investors:
Kevin Crissey
Kevin.Crissey@sabre.com 
sabre.investorrelations@sabre.com

 

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SOURCE Sabre Corporation

FAQ

What is the dividend amount declared by Sabre Corporation?

Sabre Corporation declared a dividend of $1.625 per share.

When will Sabre's dividend be paid?

The dividend will be paid on June 1, 2021.

Who is eligible for the dividend payment from Sabre?

Holders of record of Sabre's mandatory convertible preferred stock as of May 15, 2021, are eligible.

What is the significance of Sabre's dividend announcement?

The announcement reflects the company's commitment to returning value to shareholders.