DBM Global to Pay Cash Dividend

Rhea-AI Summary

DBM Global Inc. (OTC: DBMG) has announced a cash dividend of approximately $15 million, equating to $3.89 per share, to be paid on January 28, 2022. The dividend will be distributed to stockholders of record as of the close of business on January 14, 2022. This payment reflects the company's commitment to returning value to its shareholders as it operates in multiple international markets, providing integrated steel construction services.

Positive

• Announced a cash dividend of approximately $15 million, or $3.89 per share, signaling strong financial health.
• Demonstrates commitment to shareholder value through dividend payments.

Negative

• None.

PHOENIX, Jan. 04, 2022 (GLOBE NEWSWIRE) -- DBM Global Inc. (OTC: DBMG), a family of companies providing fully integrated steel construction services, and an operating subsidiary of INNOVATE Corp. (NYSE: VATE), announced today that it will pay a cash dividend of approximately $15 million, or $3.89 per share, on January 28, 2022 to DBM Global Inc. stockholders of record at the close of business on January 14, 2022.

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, INNOVATE Corp. (NYSE: VATE), please visit http://www.innovatecorp.com or contact:

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

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

FAQ

When will DBM Global Inc. pay the cash dividend?

DBM Global Inc. will pay the cash dividend on January 28, 2022.

What is the amount of the cash dividend announced by DBM Global Inc.?

DBM Global Inc. announced a cash dividend of approximately $15 million, or $3.89 per share.

Who is eligible to receive the dividend from DBM Global Inc.?

Stockholders of record at the close of business on January 14, 2022, are eligible to receive the dividend.

What does the cash dividend indicate about DBM Global Inc.'s financial health?

The cash dividend indicates that DBM Global Inc. is in a strong financial position and is committed to returning value to its shareholders.