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Sabre declares dividend on mandatory convertible preferred stock
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
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.
technology that moves the world. #travelsolved. sabre is a leading technology solutions provider to the nearly us$8 trillion travel industry. our technology and data-driven solutions help our airline, hotel and travel agency customers grow their businesses and transform the traveler experience. the scale, breadth and depth of our technology is unmatched and sustains a complex industry. we provide an open and stable platform to deliver flexible, reliable and scalable solutions. over the years, we have shaped and modernized the travel industry. we pioneered online travel agencies, corporate booking tools, revenue management, and web and mobile itinerary tools, to name a few. sabre offers the travel industry’s broadest range of technology solutions including data-driven business intelligence, mobile, distribution and software as a service (saas) solutions, used by travel suppliers and buyers to plan, market, sell, serve and operate their businesses. our travel marketplace transacts more t