INNOVATE Corp. Declares $8.8M Dividend for DBM Global Inc.
INNOVATE Corp. (NYSE: VATE), a diversified holding company, has declared a cash dividend of approximately $8.8 million, or $2.28 per share, for DBM Global Inc. (DBMG), its operating subsidiary. The payment is scheduled for November 10, 2025.
INNOVATE, as the majority shareholder of DBMG, anticipates receiving around $8 million from this global entry login. DBM Global Inc., a global leader in integrated steel construction services and professional services, is committed to delivering sustainable value to its clients. With operations spanning the United States, Australia, Canada, India, New Zealand, the Philippines, and the United Kingdom, DBMG's extensive reach enables it to serve a wide range of industries.
The dividend will be distributed to DBMG's shareholders of record as of the close of business on October 27, 2025. This payout is a testament to INNOVATE's strategy of investing in and supporting its subsidiaries, with DBMG being one of its key assets.
INNOVATE Corp., with its portfolio of best-in-class assets in Infrastructure, Life Sciences, and Spectrum, and approximately 3,100 employees across its subsidiaries, continues to demonstrate its commitment to shareholder value through this significant dividend payment by DBM Global Inc.
