Business

INNOVATE’s Portfolio Company DBM Global to Pay Cash Dividend

NEW YORK, Feb. 02, 2026 (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 $5 million, or $1.30 per share, on February 24, 2026 to DBMG’s stockholders of record at the close of business on February 9, 2026. As the largest stockholder of DBMG, INNOVATE expects to re

articleInnovate Corp.February 2, 20263/company/innovate-corp/news/innovate-portfolio-company-dbm-global-133000632
INNOVATE’s Portfolio Company DBM Global to Pay Cash Dividend

About this update from Innovate Corp.

[{"type":"image","alt":"INNOVATE Corp.","displaySize":"","headline":null,"caption":"INNOVATE Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":155,"url":"https://media.zenfs.com/en/globenewswire.com/f6839c69bcfd01d6eebbc83e70475620"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HRT7VOVi6Bwl5KlGPoGQeg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIxNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/f6839c69bcfd01d6eebbc83e70475620","width":300,"height":155}},"lazy":false},{"type":"text","content":"NEW YORK, Feb. 02, 2026 (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 $5 million, or $1.30 per share, on February 24, 2026 to DBMG’s stockholders of record at the close of business on February 9, 2026. As the largest stockholder of DBMG, INNOVATE expects to receive approximately $4.6 million of the total $5 million dividend payout. INNOVATE’s individual stockholders are not eligible to receive the cash dividend.","length":655,"tagName":"p"},{"type":"text","content":"About INNOVATEINNOVATE 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.","length":323,"tagName":"p"},{"type":"text","content":"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, transp...

More updates from Innovate Corp.

INNOVATE Corp.INNOVATEDBM Global Inc.DBMGcash dividendThe CompanyForward-Looking Statements