INNOVATE’s Portfolio Company DBM Global to Pay Cash Dividend
INNOVATE Corp. (NYSE:VATE) has announced that its operating subsidiary, DBM Global Inc. (DBMG), will distribute a cash dividend of $4.4 million, equivalent to $1.14 per share. The dividend will be paid on August 21, 2025 to DBMG stockholders of record as of August 7, 2025.
As DBMG's largest stockholder, INNOVATE is set to receive approximately $4 million of the total dividend distribution. Importantly, INNOVATE's individual stockholders will not be eligible to receive this cash dividend.
INNOVATE Corp. (NYSE:VATE) ha annunciato che la sua controllata operativa, DBM Global Inc. (DBMG), distribuirà un dividendo in contanti di 4,4 milioni di dollari, corrispondente a 1,14 dollari per azione. Il dividendo sarà corrisposto il 21 agosto 2025 agli azionisti di DBMG registrati entro il 7 agosto 2025.
Essendo il maggior azionista di DBMG, INNOVATE riceverà circa 4 milioni di dollari del totale del dividendo distribuito. È importante sottolineare che gli azionisti individuali di INNOVATE non avranno diritto a ricevere questo dividendo in contanti.
INNOVATE Corp. (NYSE:VATE) ha anunciado que su subsidiaria operativa, DBM Global Inc. (DBMG), distribuirá un dividendo en efectivo de 4,4 millones de dólares, equivalente a 1,14 dólares por acción. El dividendo se pagará el 21 de agosto de 2025 a los accionistas de DBMG registrados hasta el 7 de agosto de 2025.
Como mayor accionista de DBMG, INNOVATE recibirá aproximadamente 4 millones de dólares del total del dividendo distribuido. Es importante destacar que los accionistas individuales de INNOVATE no serán elegibles para recibir este dividendo en efectivo.
INNOVATE Corp. (NYSE:VATE)는 운영 자회사인 DBM Global Inc. (DBMG)가 총 440만 달러의 현금 배당금을 주당 1.14달러로 배당할 것이라고 발표했습니다. 배당금은 2025년 8월 21일에 2025년 8월 7일 기준 주주 명부에 등재된 DBMG 주주들에게 지급됩니다.
DBMG의 최대 주주인 INNOVATE는 총 배당금 중 약 400만 달러를 받을 예정입니다. 중요한 점은 INNOVATE의 개별 주주들은 이 현금 배당금을 받을 자격이 없다는 것입니다.
INNOVATE Corp. (NYSE:VATE) a annoncé que sa filiale opérationnelle, DBM Global Inc. (DBMG), distribuera un dividende en espèces de 4,4 millions de dollars, soit 1,14 dollar par action. Le dividende sera versé le 21 août 2025 aux actionnaires de DBMG inscrits au registre au 7 août 2025.
En tant que principal actionnaire de DBMG, INNOVATE recevra environ 4 millions de dollars du montant total du dividende distribué. Il est important de noter que les actionnaires individuels d'INNOVATE ne seront pas éligibles à ce dividende en espèces.
INNOVATE Corp. (NYSE:VATE) hat bekanntgegeben, dass seine operative Tochtergesellschaft, DBM Global Inc. (DBMG), eine Bardividende von 4,4 Millionen US-Dollar ausschütten wird, was 1,14 US-Dollar pro Aktie entspricht. Die Dividende wird am 21. August 2025 an die DBMG-Aktionäre ausgezahlt, die am 7. August 2025 im Aktienregister eingetragen sind.
Als größter Aktionär von DBMG wird INNOVATE etwa 4 Millionen US-Dollar der gesamten Dividendenausschüttung erhalten. Wichtig ist, dass die einzelnen Aktionäre von INNOVATE nicht berechtigt sind, diese Bardividende zu erhalten.
- DBMG to distribute substantial dividend of $4.4 million ($1.14 per share)
- INNOVATE to receive approximately $4 million from the dividend payout
- INNOVATE's individual stockholders are not eligible for the dividend
- The dividend represents a significant cash outflow from DBMG's operations
NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that DBM Global Inc. (“DBMG”), a family of companies providing fully integrated steel construction services, and an operating subsidiary of INNOVATE, will pay a cash dividend of approximately
About INNOVATE
INNOVATE Corp. is a portfolio of best-in-class assets in three key areas of the new economy – Infrastructure, Life Sciences and Spectrum. Dedicated to stakeholder capitalism, INNOVATE employs approximately 3,100 people across its subsidiaries. For more information, please visit: http://www.innovatecorp.com.
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.
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally relate to future events, such as DBMG’s payment of a cash dividend. You are cautioned that such statements are not guarantees of future performance and that INNOVATE’s actual results may differ materially from those set forth in the forward-looking statements. All of these forward-looking statements are subject to risks and uncertainties that may change at any time. Factors that could cause INNOVATE’s actual expectations to differ materially from these forward-looking statements include DBMG’s payment of a cash dividend and the other factors under the heading “Risk Factors” set forth in INNOVATE’s Annual Report on Form 10-K, as supplemented by INNOVATE’s quarterly reports on Form 10-Q. Such filings are available on our website or at www.sec.gov. You should not place undue reliance on these forward-looking statements, which are made only as of the date of this press release. INNOVATE undertakes no obligation to publicly update or revise forward-looking statements to reflect subsequent developments, events, or circumstances, except as may be required under applicable securities laws.
Investor Contact:
Solebury Strategic Communications
Anthony Rozmus
(212) 235-2691
Email: ir@innovatecorp.com
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