SOUTHLAKE, Texas–(BUSINESS WIRE)–Jan. 31, 2006–Sabre Holdings Corporation (NYSE:TSG) announced that its Board of Directors increased the company’s cash dividend by 11 percent to $0.10 per share of common stock from $0.09 per share. The dividend is payable on February 28, 2006 to shareholders of record at the close of regular trading on the New York Stock Exchange on February 10, 2006.
“The increase in our dividend underscores the confidence we have in the ability of our businesses to drive earnings long term,” said Sam Gilliland, Chairman and CEO, Sabre Holdings. “We believe we are very well positioned for growth in 2006 and beyond.”
Based on the increase, the annualized dividend pay out would be approximately $52 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 that cash dividends continue to be in the best interest of the company and its shareholders.
About Sabre Holdings
Sabre Holdings connects people with the world’s greatest travel possibilities by retailing travel products and providing distribution and technology solutions for the travel industry. Sabre Holdings supports travelers, travel agents, corporations, government agencies and travel suppliers through its companies: Travelocity, Sabre Travel Network and Sabre Airline Solutions. Headquartered in Southlake, Texas, the company has approximately 9,000 employees in 45 countries. Full year 2004 revenues totaled $2.1 billion. Sabre Holdings, an S&P 500 company, is traded on the NYSE 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 its relationships with travel suppliers. 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-Q with the Securities and Exchange Commission.
CONTACT: Sabre Holdings Corporation, Southlake
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Michael Berman, 682-605-2397
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Karen Fugate, 682-605-2343
SOURCE: Sabre Holdings Corporation
