Avis Budget declares special cash dividend of $10.00 per share

Avis Budget declared a special cash dividend of $10.00 per share of common stock. The special cash dividend is payable on December 21 to stockholders of record as of the close of business on December 15. In addition, the company has purchased approximately 1.3 million shares of its common stock to date in Q4 for an aggregate purchase price of approximately $240M. There is approximately $820M remaining under its share repurchase program and the company expects to continue retiring shares throughout the balance of 2023 and beyond.