Avis Budget Group Announces Special Cash Dividend
05 Dezembro 2023 - 8:00PM
Avis Budget Group, Inc. (
NASDAQ: CAR) (the
“Company”) today announced the declaration by its Board of
Directors of a special cash dividend of $10.00 per share of common
stock.
The special cash dividend is payable on December
21, 2023 to stockholders of record as of the close of business on
December 15, 2023.
In addition, the Company has purchased
approximately 1.3 million shares of its common stock to date in the
fourth quarter of 2023 for an aggregate purchase price of
approximately $240 million. There is approximately $820 million
remaining under its share repurchase program and the Company
expects to continue retiring shares throughout the balance of 2023
and beyond (subject to market and other conditions).
ABOUT AVIS BUDGET GROUP
We are a leading global provider of mobility
solutions, both through our Avis and Budget brands, which have more
than 10,000 rental locations in approximately 180 countries around
the world, and through our Zipcar brand, which is the world's
leading car sharing network. We operate most of our car rental
locations in North America, Europe and Australasia directly, and
operate primarily through licensees in other parts of the world. We
are headquartered in Parsippany, N.J. More information is available
at avisbudgetgroup.com.
FORWARD-LOOKING STATEMENTS
Statements regarding the special cash dividend
are “forward-looking statements” and are subject to known and
unknown risks and uncertainties that may cause actual results to
differ materially from those expressed in such forward-looking
statements. These risks and uncertainties include, but are not
limited to, risks associated with the planned payment of the
special cash dividend and our expectations regarding our share
repurchase program. Additional information concerning these and
other important risks and uncertainties can be found in the
Company's filings with the SEC, including under the captions
“Forward-Looking Statements” and “Risk Factors” in the Company's
Annual Report on Form 10-K for the year ended December 31, 2022 and
Quarterly Report on Form 10-Q for the quarterly period ended
September 30, 2023. The Company undertakes no obligation to update
any forward-looking statements to reflect subsequent events or
circumstances.
Investor Relations Contact: |
Media Relations Contact: |
David Calabria, IR@avisbudget.com |
James Tomlinson, ABGPress@edelman.com |
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