Sabre declares dividend on mandatory convertible preferred stock

Rhea-AI Summary

Sabre Corporation (NASDAQ: SABR) declared a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock.

The dividend will be payable on September 1, 2022, to shareholders of record as of August 15, 2022. This move reflects Sabre's ongoing commitment to returning value to its investors while continuing to support its operations in the global travel industry, where it manages over $260B in travel spend annually.

Positive

• Dividend declared of $1.625 per share reflects financial stability.
• Payment scheduled for September 1, 2022, rewarding shareholders.

Negative

• None.

SOUTHLAKE, Texas, July 27, 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 September 1, 2022 to holders of record of the mandatory convertible preferred stock as of the close of business on August 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 July 2022?

Sabre Corporation declared a dividend of $1.625 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 1, 2022.

What is the record date for Sabre's dividend?

The record date for the dividend is August 15, 2022.

What type of stock is the dividend declared on?

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