Sabre declares dividend on mandatory convertible preferred stock

Rhea-AI Summary

On April 26, 2023, Sabre Corporation announced a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. The dividend is set to be paid on June 1, 2023 to shareholders on record as of May 15, 2023.

As a prominent player in the travel technology sector, Sabre provides solutions that facilitate operations, enhance revenue, and improve customer experiences for various travel industry stakeholders. The company's technology supports over $260B in global travel expenditures, serving clients in more than 160 countries globally.

Positive

• Declared a dividend of $1.625 on Series A Mandatory Convertible Preferred Stock.
• Dividend payment reflects confidence in financial stability and shareholder returns.
• Company manages over $260B in global travel spend annually, indicating strong market position.

Negative

• None.

News Market Reaction – SABR

+6.27%

1 alert

+6.27% News Effect

On the day this news was published, SABR gained 6.27%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SOUTHLAKE, Texas, April 26, 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 June 1, 2023 to holders of record of the mandatory convertible preferred stock as of the close of business on May 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 for 2023?

Sabre Corporation declared a dividend of $1.625 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 1, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is May 15, 2023.

What type of stock is the dividend declared for?

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

How does Sabre Corporation's dividend impact shareholders?

The declared dividend indicates the company's confidence in its financial performance and aims to provide returns to its shareholders.