Sabre declares dividend on mandatory convertible preferred stock

Rhea-AI Summary

Sabre Corporation (NASDAQ: SABR) declared a $1.625 dividend per share on its 6.50% Series A Mandatory Convertible Preferred Stock. The dividend will be paid to eligible shareholders on March 1, 2021, with a record date of February 15, 2021. Sabre operates within the global travel industry, providing software solutions to airlines, hotels, and travel agencies. Its technology platform manages over $260 billion in global travel spend annually, servicing customers in more than 160 countries.

Positive

• Dividend declaration of $1.625 boosts shareholder income.
• Company sustains strong engagement in the global travel market.

Negative

• None.

SOUTHLAKE, Texas, Feb. 3, 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 March 1, 2021 to holders of record of the mandatory convertible preferred stock as of the close of business on February 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 traveller 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 (SABR)?

Sabre declared a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock.

When is the dividend payment date for Sabre (SABR)?

The dividend payment date for Sabre is March 1, 2021.

What is the record date for Sabre's dividend?

The record date for Sabre's dividend is February 15, 2021.

How does Sabre's technology platform impact the travel industry?

Sabre's technology platform manages over $260 billion in global travel spend annually, enhancing operational efficiency for travel companies.