DBM Global Announces $5M Dividend, INNOVATE Corp to Receive $4.6M

INNOVATE Corp's (VATE) subsidiary DBM Global will distribute a $5 million cash dividend, with INNOVATE set to receive $4.6 million. INNOVATE operates in the industrials sector through its construction and life sciences subsidiaries. However, the company faces financial challenges with negative earnings and a distressed financial strength rating. The stock is undervalued relative to sales but faces sector-specific and market risks.