INNOVATE Corp. announced that its operating subsidiary, DBM Global Inc., will pay a cash dividend of approximately $5.5 million. This dividend, amounting to $1.42 per share, is scheduled for payment on June 16, 2025, to DBMG’s stockholders of record as of June 2, 2025.
As the largest stockholder of DBM Global, INNOVATE Corp. is expected to receive approximately $5 million of the total dividend payout. This cash inflow from a profitable subsidiary enhances INNOVATE's liquidity and reflects the strong financial performance of DBM Global.
The dividend payment underscores DBM Global's ability to generate and distribute capital, providing a direct financial benefit to its parent company, INNOVATE Corp. This move signals continued operational strength within the Infrastructure segment.
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