Business
DBM Global Inc., an HC2 Portfolio Company, to Move Up Payment of Previously Announced Cash Dividend
DBM Global Inc., an HC2 Portfolio Company, to Move Up Payment of Previously Announced Cash Dividend.
About this update from Dbm Global Inc
[{"type":"text","content":"\n\n NEW YORK, May 11, 2017 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE MKT:HCHC), a diversified holding company, announced today that its operating subsidiary DBM Global Inc. (OTC:DBMG), a family of companies providing fully integrated steel construction services, will move up its previously announced cash dividend of $1.29 per share from June 5, 2017 to May 30, 2017.  The dividend will be paid to DBM Global Inc. stockholders of record at the close of business on May 19, 2017.  As previously noted, HC2, as the largest stockholder of DBM Global Inc., expects to receive approximately $4.5 million of the total $5.0 million dividend payout.\n About HC2 HC2 Holdings, Inc. is a publicly traded (NYSE MKT:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders.  HC2 has a diverse array of operating subsidiaries across seven reportable segments, including Construction (formerly Manufacturing), Marine Services, Energy (formerly Utilities), Telecommunications, Life Sciences, Insurance and Other.  HC2's largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables. Founded in 1994, HC2 is headquartered in New York, New York.  Learn more about HC2 and its portfolio companies at http://www.hc2.com. About DBM Global Inc. DBM Global Inc. 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, BIM participation, 3D steel modeling/detailing, fabrication, 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, tran...