DBM Global to Pay Cash Dividend

Rhea-AI Summary

DBM Global Inc. (OTC: DBMG) will pay a cash dividend of approximately $5 million, translating to $1.297 per share, on August 31, 2021. Stockholders of record as of August 16, 2021 will be eligible to receive the dividend. This payment reflects the company’s commitment to delivering value to its investors and highlights its stable financial performance. DBM Global provides integrated steel construction services across various sectors, including commercial, healthcare, and public works, with a global operational footprint.

Positive

• Dividend payment of $5 million, or $1.297 per share, reflects strong financial health.
• Commitment to delivering value to shareholders indicates company confidence.

Negative

• None.

PHOENIX, Ariz., Aug. 06, 2021 (GLOBE NEWSWIRE) -- DBM Global Inc. (OTC: DBMG), a family of companies providing fully integrated steel construction services, and an operating subsidiary of HC2 Holdings, Inc. (NYSE: HCHC), announced today that it will pay a cash dividend of approximately $5 million, or $1.297 per share, on August 31, 2021 to DBM Global Inc. stockholders of record at the close of business on August 16, 2021.

About DBM Global Inc.

DBM Global 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. DBM Global 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, transportation, and international projects. The company, which is headquartered in Phoenix, Arizona, has operations in the United States, Australia, Canada, India, New Zealand, the Philippines, Singapore, Thailand and the United Kingdom.

For additional information on DBM Global’s majority shareholder, HC2 Holdings, Inc. (NYSE: HCHC), please visit http://www.hc2.com or contact:

Investor Contact:
Solebury Trout
Anthony Rozmus
ir@hc2.com
(212) 235-2691

Contact:
DBM Global Inc.
Michael R. Hill, VP and CFO
(602) 257-7838
Email: mike.hill@dbmglobal.com

FAQ

What is the dividend amount for DBM Global in 2021?

DBM Global is paying a cash dividend of approximately $5 million, or $1.297 per share.

When will the DBM Global dividend be paid?

The dividend will be paid on August 31, 2021.

Who is eligible for the DBM Global dividend?

Stockholders of record at the close of business on August 16, 2021, are eligible.

Is the dividend from DBM Global sustainable?

The dividend payment indicates strong financial health, but sustainability depends on future performance.