DBM Global to Pay Cash Dividend

Rhea-AI Summary

DBM Global (DBMG) will pay a cash dividend of approximately $5.0 million, or $1.30 per share, payable on February 24, 2026 to shareholders of record as of the close of business on February 9, 2026.

The dividend is funded by DBM Global, an operating subsidiary of INNOVATE Corp (NYSE: VATE).

Positive

• Declared cash dividend of $1.30 per share payable Feb 24, 2026
• Total dividend distribution equals approximately $5.0 million, returning capital to shareholders
• Clear record and payment dates: record date Feb 9, 2026 and payment date Feb 24, 2026

Negative

• One-time cash outflow of $5.0 million may reduce available corporate liquidity
• Dividend size implies potential limited reinvestment of funds into growth initiatives

PHOENIX, Jan. 30, 2026 (GLOBE NEWSWIRE) -- DBM Global Inc. (“DBMG”), a family of companies providing fully integrated steel construction services, and an operating subsidiary of INNOVATE Corp. (NYSE: VATE), announced today that it will pay a cash dividend of approximately $5 million, or $1.30 per share, on February 24, 2026 to DBMG’s stockholders of record at the close of business on February 9, 2026.

About DBM Global Inc.

DBMG is focused on delivering world class, sustainable value to its clients through a highly collaborative portfolio of companies which provide better designs, more efficient construction, and superior asset management solutions. The Company offers integrated steel construction services from a single source and professional services which include design-assist, design-build, engineering, detailing, BIM co-ordination, steel modeling/detailing, fabrication, rebar detailing, advanced field erection, project management, and state-of-the-art steel management systems.  Major market segments include commercial, healthcare, convention centers, stadiums, gaming and hospitality, mixed use and retail, industrial, public works, bridges, transportation, and international projects. The Company, which is headquartered in Phoenix, Arizona, has operations in the United States, Australia, Canada, India, New Zealand, the Philippines and the United Kingdom.

For additional information on DBMG’s majority shareholder, INNOVATE Corp. (NYSE: VATE), please visit http://www.innovatecorp.com or contact:  

Investor Contact:
Solebury Strategic Communications
Anthony Rozmus
(212) 235-2691
Email: ir@innovatecorp.com

Contact:	DBM Global Inc. Michael R. Hill, CFO and VP (602) 257-7838 Email: mike.hill@dbmglobal.com

FAQ

How much is DBM Global (DBMG) paying per share and when is it payable?

DBM Global is paying $1.30 per share, payable on February 24, 2026. According to the company, shareholders of record at the close of business on February 9, 2026 will receive the cash dividend.

What is the total cash amount of the DBM Global dividend and who is funding it?

The total dividend is approximately $5.0 million in cash. According to the company, the payment is being made by DBM Global, an operating subsidiary of INNOVATE Corp (NYSE: VATE).

Who is eligible to receive DBM Global (DBMG) dividend on February 24, 2026?

Shareholders of record at the close of business on February 9, 2026 are eligible. According to the company, eligible holders on that record date will be paid on February 24, 2026.

Will the DBM Global dividend affect the company’s stock listing or corporate structure?

The dividend is a cash distribution and does not change the listing or corporate structure. According to the company, this is a payment to shareholders by DBM Global, an operating subsidiary of INNOVATE Corp.

How should DBM Global shareholders prepare for the $1.30 per share dividend (DBMG)?

Shareholders should confirm ownership before the Feb 9, 2026 record date to qualify. According to the company, eligible holders recorded at that close of business will receive the cash payment on Feb 24, 2026.