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INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. It provides industrial construction, structural steel, and facility maintenance services for use in commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants. The company also fabricates trusses and girders; and fabricates and erects water pipe, water storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other customized products. In addition, it offers integrated solutions for digital engineering, modeling and detailing, construction, heavy equipment installation, and facility services; and steel and rebar detailing, and BIM modeling and management services, as well as equipment used in the oil, gas, petrochemical, and pipeline industries. Further, the company develops products for early osteoarthritis of the knee, and aesthetic and medical technologies for the skin. Additionally, it operates over-the-air broadcasting stations and Azteca America, a Spanish-language broadcast network. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

INNOVATE Dividend Announcement

• INNOVATE announced a annually dividend of $0.39 per ordinary share which will be made payable on . Ex dividend date: 2020-05-14
• INNOVATE's trailing twelve-month (TTM) dividend yield is -%
• INNOVATE's payout ratio for the trailing twelve months (TTM) is -6.81%

INNOVATE Dividend History

Ex-Div dateDividend amountDividend typePay date
2020-05-14$0.39annually
2013-08-28$0.86annually
2012-12-19$0.50annually2012-12-28
2012-11-23$0.25annually2012-12-11
2012-06-28$1.00annually2012-07-16

INNOVATE Dividend per year

INNOVATE Dividend Yield

INNOVATE current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing INNOVATE stock? Use our calculator to estimate your expected dividend yield:

INNOVATE Financial Ratios

P/E ratio-2.76
PEG ratio-0.07
P/B ratio-0.47
ROE18.92%
Payout ratio-6.81%
Current ratio0.85
Quick ratio0.81
Cash Ratio0.11

INNOVATE Dividend FAQ

Does INNOVATE stock pay dividends?
INNOVATE does not currently pay dividends to its shareholders.
Has INNOVATE ever paid a dividend?
No, INNOVATE has no a history of paying dividends to its shareholders. INNOVATE is not known for its dividend payments.
Why doesn't INNOVATE pay dividends?
There are several potential reasons why INNOVATE would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will INNOVATE ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While INNOVATE has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is INNOVATE a dividend aristocrat?
INNOVATE is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is INNOVATE a dividend king?
INNOVATE is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is INNOVATE a dividend stock?
No, INNOVATE is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy INNOVATE stocks?
To buy INNOVATE you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy INNOVATE stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.