Sabre declares dividend on mandatory convertible preferred stock

Rhea-AI Summary

On October 19, 2021, Sabre Corporation announced a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. The dividend is payable on December 1, 2021 to shareholders on record as of November 15, 2021. Sabre Corporation, a leader in travel technology, facilitates a global marketplace that manages over $260B in travel spend annually, supporting travel companies worldwide.

Positive

• Dividend of $1.625 per share demonstrates commitment to returning value to investors.
• Dividend payment reflects company stability amidst industry challenges.

Negative

• None.

SOUTHLAKE, Texas, Oct. 19, 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 December 1, 2021 to holders of record of the mandatory convertible preferred stock as of the close of business on November 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 declared a dividend of $1.625 per share.

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

The dividend is payable on December 1, 2021.

What is the record date for Sabre's dividend?

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

What type of stock is Sabre's dividend declared on?

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

How much global travel spend does Sabre manage annually?

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