INNOVATE Corp. announced that its operating subsidiary, DBM Global Inc., will pay a cash dividend of approximately $4.4 million, or $1.14 per share. This dividend is scheduled for payment on August 21, 2025, to DBMG’s stockholders of record as of August 7, 2025.
As the largest stockholder of DBM Global, INNOVATE Corp. is expected to receive approximately $4 million of the total dividend payout. This represents a continued direct cash inflow from DBMG, reinforcing its contribution to INNOVATE's overall financial position.
The consistent declaration of cash dividends from DBM Global highlights the subsidiary's operational strength and ability to generate free cash flow. This financial support from a key asset is beneficial for INNOVATE Corp. as it manages its broader capital structure.
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