Sabre declares dividend on mandatory convertible preferred stock

Rhea-AI Summary

On February 1, 2023, Sabre Corporation (NASDAQ: SABR) announced a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend is payable on March 1, 2023 to shareholders on record as of February 15, 2023. Sabre is a leading technology company that serves the global travel industry, managing over $260B in annual travel spend and providing solutions to airlines, hotels, and travel agencies worldwide.

AI-generated analysis. Not financial advice.

Positive

• Dividend of $1.625 per share indicates strong cash flow management.
• Continued service to a wide range of travel companies supports revenue stability.

Negative

• None.

News Market Reaction – SABR

+5.81%

1 alert

+5.81% News Effect

On the day this news was published, SABR gained 5.81%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SOUTHLAKE, Texas, Feb. 1, 2023 /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, 2023 to holders of record of the mandatory convertible preferred stock as of the close of business on February 15, 2023.

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:
Brian Roberts
Brian.Roberts@sabre.com
sabre.investorrelations@sabre.com

 

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SOURCE Sabre Corporation

FAQ

What is the dividend amount declared by Sabre Corporation in February 2023?

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

When will the dividend declared by Sabre be paid?

The dividend will be payable on March 1, 2023.

What is the record date for the Sabre dividend?

The record date for the dividend is February 15, 2023.

How does Sabre Corporation support the travel industry?

Sabre provides retailing, distribution, and fulfillment solutions to airlines, hotels, and travel agencies, managing over $260 billion in global travel spend annually.