Sabre Holdings Board Approves 30% Dividend Increase
SOUTHLAKE, TX, October 12, 2006. Sabre Holdings Corporation (NYSE: TSG) today announced that its Board of Directors approved a mid-cycle increase of 30 percent in the company's quarterly cash dividend to $0.13 per share of common stock from $0.10 per share. The next dividend is payable on Nov. 10, 2006 to shareholders of record at the close of regular trading on the NYSE on Oct. 23, 2006.
"Our second dividend increase this year reflects the underlying momentum and long-term prospects for our company," said Sam Gilliland, Chairman and CEO, Sabre Holdings. "We are confident in our long-term cash flows and felt the timing was right to increase our return to shareholders through a significant dividend increase. We continue to evaluate the effectiveness of share repurchases, internal reinvestments and other value creating initiatives over the long term."
The dividend increase equates to an annual dividend of $0.52 per share. Sabre Holdings began paying a cash dividend in the first quarter of 2003 and has since paid out over $160 million to shareholders. In January, the board increased the company's dividend by 11 percent to $0.10 from $0.09.
Sabre, which today commemorated its 10th anniversary as a public company, plans to hold a Web cast tomorrow to reflect on historical progress and to discuss the company's future direction and other topics, which includes material information about the company's financial outlook. The Web cast is scheduled to begin at 9:30 a.m., EDT on Thursday, Oct. 12. The public can register at www.sabre-holdings.com/investor
A digitized recording of the Web cast, to be available shortly after the call, will be accessible for one year on the company's Web site at the same address above. A digitized replay will also be accessible by phone scheduled to begin on Oct. 12 at 11:15 a.m. and end on Oct. 25, 2006 at 12:59 p.m., EDT. The recording can be accessed in the U.S. at 800-475-6701. International callers should dial 320-365-3844. All callers should use Access Code 844207.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
