DBM Global to Pay Cash Dividend
DBM Global (DBMG), a steel construction services provider and subsidiary of INNOVATE Corp (NYSE: VATE), has announced a cash dividend payment of $5.5 million. The dividend, which amounts to $1.42 per share, will be paid on June 16, 2025 to stockholders of record as of the close of business on June 2, 2025. DBM Global operates as a family of companies delivering integrated steel construction services.
DBM Global (DBMG), fornitore di servizi nel settore delle costruzioni in acciaio e controllata di INNOVATE Corp (NYSE: VATE), ha annunciato un pagamento di dividendi in contanti pari a 5,5 milioni di dollari. Il dividendo, che corrisponde a 1,42 dollari per azione, sarà erogato il 16 giugno 2025 agli azionisti registrati alla chiusura delle contrattazioni del 2 giugno 2025. DBM Global opera come un gruppo di aziende che offrono servizi integrati di costruzione in acciaio.
DBM Global (DBMG), proveedor de servicios de construcción en acero y subsidiaria de INNOVATE Corp (NYSE: VATE), ha anunciado un pago de dividendo en efectivo de 5,5 millones de dólares. El dividendo, que equivale a 1,42 dólares por acción, se pagará el 16 de junio de 2025 a los accionistas registrados al cierre del negocio el 2 de junio de 2025. DBM Global opera como un grupo de empresas que ofrecen servicios integrados de construcción en acero.
DBM Global (DBMG)는 강철 건설 서비스 제공업체이자 INNOVATE Corp (NYSE: VATE)의 자회사로서, 550만 달러의 현금 배당금 지급을 발표했습니다. 주당 1.42달러에 해당하는 이번 배당금은 2025년 6월 16일에, 2025년 6월 2일 영업 마감 시점 기준 주주들에게 지급될 예정입니다. DBM Global은 통합 강철 건설 서비스를 제공하는 기업 그룹으로 운영되고 있습니다.
DBM Global (DBMG), prestataire de services en construction métallique et filiale d'INNOVATE Corp (NYSE : VATE), a annoncé un paiement de dividendes en espèces de 5,5 millions de dollars. Le dividende, s'élevant à 1,42 dollar par action, sera versé le 16 juin 2025 aux actionnaires inscrits au registre à la clôture des opérations le 2 juin 2025. DBM Global opère en tant que groupe d'entreprises fournissant des services intégrés de construction en acier.
DBM Global (DBMG), ein Anbieter von Stahlbau-Dienstleistungen und Tochtergesellschaft von INNOVATE Corp (NYSE: VATE), hat eine Barausschüttung von 5,5 Millionen US-Dollar angekündigt. Die Dividende in Höhe von 1,42 US-Dollar pro Aktie wird am 16. Juni 2025 an die Aktionäre ausgezahlt, die zum Geschäftsschluss am 2. Juni 2025 im Aktienregister eingetragen sind. DBM Global agiert als Unternehmensgruppe, die integrierte Stahlbaudienstleistungen anbietet.
- Substantial dividend payment of $5.5 million ($1.42 per share) to shareholders
- Demonstrates company's ability to generate cash and return value to shareholders
- Significant cash outflow of $5.5 million may impact available capital for operations or growth
PHOENIX, May 23, 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
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 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
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