Sabre Corporation (SABR)
Sabre Corporation is a technology provider dedicated to the global travel industry. It offers software, data, and solutions for airlines, hotels, travel agencies, and other travel-related businesses to manage reservations, distribution, and operations efficiently. Founded in 1960, Sabre has established itself as a leading player in travel technology, facilitating smooth and innovative travel experiences worldwide.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| March 30, 2020 | $0.14 | 2020-03-19 | 2020-03-20 |
| December 30, 2019 | $0.14 | 2019-12-19 | 2019-12-20 |
| September 30, 2019 | $0.14 | 2019-09-19 | 2019-09-20 |
| June 28, 2019 | $0.14 | 2019-06-20 | 2019-06-21 |
| March 29, 2019 | $0.14 | 2019-03-20 | 2019-03-21 |
Dividends Summary
- Sabre Corporation has issued 23 dividend payments over the past 6 years
- The most recent dividend was paid 2032 days ago, on March 30, 2020
- The highest dividend payed out to investors during this period was $0.14 per share
- The average dividend paid during this period was $0.13 per share.
Company News
Sabre Corporation announced the sale of its Hospitality Solutions business to TPG Inc. for $1.1 billion in cash. Sabre plans to use the net proceeds of around $960 million to reduce debt and strengthen its capital structure, allowing it to focus on its core airline IT and travel marketplace operations.
The travel and hospitality industry is projected to grow at a 7.9% CAGR through 2030, driven by the increasing adoption of information and communication technology (ICT) to enhance guest experiences, operational efficiency, and revenue management.
With predictive analytics and a proven track record of increasing ancillary revenues, SynXis Retailing positions Sabre (SABR) as a leader in the hospitality technology space.
Fourth-quarter results provided little reason for investors to rally into the shares.
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