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 is scheduled for payment on June 1, 2022, to stockholders of record as of the close of business on May 15, 2022. Sabre is a leading technology company in the global travel industry, providing solutions to airlines, hoteliers, and travel agencies, managing over $260B in global travel spend annually.

Positive

• Dividend of $1.625 enhances shareholder returns.
• Stable revenue management with over $260B in annual travel spend.

Negative

• None.

SOUTHLAKE, Texas, May 4, 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 June 1, 2022 to holders of record of the mandatory convertible preferred stock as of the close of business on May 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 in May 2022?

Sabre Corporation declared a dividend of $1.625 per share.

When is the dividend payable for Sabre Corporation's Series A Mandatory Convertible Preferred Stock?

The dividend is payable on June 1, 2022.

What is the record date for Sabre's dividend payment?

The record date for the dividend payment is May 15, 2022.

What type of stock is the dividend declared on by Sabre Corporation?

The dividend is declared on the 6.50% Series A Mandatory Convertible Preferred Stock.