Sabre Holdings Declares Quarterly Dividend
April 20 2004 - 8:05AM
PR Newswire (US)
Sabre Holdings Declares Quarterly Dividend SOUTHLAKE, Texas, April
20 /PRNewswire-FirstCall/ -- Sabre Holdings Corporation announced
that its Board of Directors declared a $0.075 dividend payable on
May 14, 2004 to shareholders of record at the close of regular
trading on April 30, 2004. Sabre Holdings began paying a quarterly
dividend of $0.07 per share in April 2003 and increased the
dividend by seven percent in January 2004 to $0.075. If continued
quarterly, the $0.075 per share dividend would pay out
approximately $42 million per year. It is the company's intention
to pay a comparable quarterly dividend going forward, subject to
financial ability and a determination by the Board of Directors
that cash dividends continue to be in the best interest of the
company and its shareholders. About Sabre Holdings Corporation
Sabre Holdings, an S&P 500 company, is a world leader in travel
commerce, retailing travel products and providing distribution and
technology solutions for the travel industry. Sabre Holdings
supports travelers, travel agents, corporations and travel
suppliers through its companies: Travelocity, Sabre Travel Network,
and Sabre Airline Solutions. Headquartered in Southlake, Texas, in
the Dallas-Fort Worth Metroplex, the company has more than 6,000
employees in 43 countries. Full year 2003 revenues totaled $2.05
billion. Sabre Holdings is traded on the New York Stock Exchange
under the symbol TSG. More information is available at
http://www.sabre-holdings.com/ . Statements in this release which
are not purely historical facts, including statements about
possible future dividends, or other statements about anticipations,
beliefs, expectations, hopes, intentions or strategies for the
future, may be forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended.
Readers are cautioned not to place undue reliance on
forward-looking statements. All forward-looking statements are
based upon information available to Sabre Holdings on the date this
release was issued. Sabre Holdings undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. Any
forward-looking statements involve risks and uncertainties that
could cause actual events or results to differ materially from the
events or results described in the forward-looking statements,
including risks or uncertainties related to Sabre Holdings revenues
being highly dependent on the travel and transportation industries
and geopolitical developments, such as the possibility of terrorist
attacks. Sabre Holdings may not succeed in addressing these and
other risks. Further information regarding factors that could
affect our financial and other results can be found in the risk
factors section of our most recent filing on Form 10-K with the
Securities and Exchange Commission. DATASOURCE: Sabre Holdings
Corporation CONTACT: media, Michael Berman, +1-682-605-2397, or
investor relations, Karen Fugate, +1-682-605-2343, both of Sabre
Holdings Corporation Web site: http://www.sabre-holdings.com/
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