Sabre declares dividend on mandatory convertible preferred stock

Rhea-AI Summary

Sabre Corporation (NASDAQ: SABR) has announced a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend will be payable on September 1, 2021, to all shareholders on record as of August 15, 2021. As a prominent player in the global travel technology sector, Sabre provides innovative solutions that enhance operational efficiency and personalization for travel companies worldwide, managing over $260B in global travel spend annually.

Positive

• Dividend of $1.625 per share showcases confidence in financial stability.
• Continues commitment to returning value to shareholders.

Negative

• None.

SOUTHLAKE, Texas, July 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 September 1, 2021 to holders of record of the mandatory convertible preferred stock as of the close of business on August 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 has declared a dividend of $1.625 per share.

When is the dividend payable for Sabre Corporation's preferred stock?

The dividend will be payable on September 1, 2021.

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

The record date for the dividend is August 15, 2021.

How much travel spend does Sabre manage annually?

Sabre manages more than $260B worth of global travel spend annually.

What type of stock is the dividend declared on?

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