DBM Global Announces $5M Dividend, INNOVATE Corp to Receive $4.6M
ByAinvest
Tuesday, Feb 3, 2026 4:57 am ET1min read
VATE--
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.
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