DBM Global to Pay Cash Dividend

Rhea-AI Summary

DBM Global (DBMG), a steel construction services provider and subsidiary of INNOVATE Corp. (NYSE: VATE), has announced a cash dividend payment. The company will distribute approximately $4.4 million, equivalent to $1.14 per share. The dividend will be paid on August 21, 2025 to stockholders of record as of the close of business on August 7, 2025.

Positive

• Cash dividend of $4.4 million ($1.14 per share) demonstrates financial stability and commitment to shareholder returns

Negative

• None.

PHOENIX, July 28, 2025 (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 $4.4 million, or $1.14 per share, on August 21, 2025 to DBMG’s stockholders of record at the close of business on August 7, 2025.

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.
	Mark Koolis, VP and CFO
	(602) 257-7838
	Email: mark.koolis@dbmglobal.com

FAQ

When will DBMG pay its cash dividend in 2025?

DBM Global will pay the cash dividend on August 21, 2025 to stockholders of record as of August 7, 2025.

How much is DBM Global's dividend per share in August 2025?

DBM Global announced a dividend of $1.14 per share, totaling approximately $4.4 million.

What is the record date for DBMG's August 2025 dividend?

The record date for DBM Global's dividend is August 7, 2025 at the close of business.

Who is eligible to receive DBMG's August 2025 dividend payment?

Stockholders who own DBM Global shares at the close of business on August 7, 2025 (the record date) will be eligible to receive the dividend payment.