Sabre declares dividend on mandatory convertible preferred stock

Rhea-AI Summary

Sabre Corporation (SABR) announced a dividend of $1.7514 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend is scheduled to be paid on December 1, 2020, to shareholders on record as of November 15, 2020. Sabre is a leading technology firm supporting the global travel industry, managing over $260B in travel spend annually and offering various solutions to enhance operational efficiency and traveler experiences.

Positive

• Dividend of $1.7514 per share announced, providing income for shareholders.

Negative

• None.

SOUTHLAKE, Texas, Oct. 28, 2020 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) today announced that its Board of Directors has declared a dividend of $1.7514 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. The dividend is payable on December 1, 2020 to holders of record of the mandatory convertible preferred stock as of the close of business on November 15, 2020.

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 28, 2020?

Sabre Corporation declared a dividend of $1.7514 per share on its 6.50% Series A Mandatory Convertible Preferred Stock.

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

The dividend is payable on December 1, 2020.

What is the record date for receiving the dividend from Sabre Corporation?

The record date to receive the dividend is November 15, 2020.

How much global travel spend does Sabre Corporation manage annually?

Sabre Corporation manages over $260 billion in global travel spend annually.