Sabre declares dividend on mandatory convertible preferred stock

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Sabre Corporation (NASDAQ: SABR) has declared a $1.625 per share dividend on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend will be payable on December 1, 2022 to shareholders recorded as of the close of business on November 15, 2022. Sabre operates in the global travel industry, providing technology solutions that manage more than $260B in travel spend annually, serving clients in over 160 countries.

Positive

• Declared a dividend of $1.625 per share, indicating confidence in financial stability.
• Operates a technology platform managing over $260 billion in global travel spend.

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• None.

SOUTHLAKE, Texas, Oct. 18, 2022 /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 December 1, 2022 to holders of record of the mandatory convertible preferred stock as of the close of business on November 15, 2022.

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 on October 18, 2022?

Sabre Corporation declared a dividend of $1.625 per share.

When will the dividend payment be made to Sabre's shareholders?

The dividend will be payable on December 1, 2022.

What is the record date for the dividend payment announced by Sabre?

The record date is November 15, 2022.

What type of stock is the dividend related to for Sabre Corporation?

The dividend is related to the 6.50% Series A Mandatory Convertible Preferred Stock.

How does Sabre Corporation contribute to the travel industry?

Sabre provides technology solutions for airlines, hoteliers, travel agencies, and more, managing significant global travel spend.