INNOVATE Corp.

INNOVATE Corp.

VATEยทNYSE

$17.13

+11%
IndustrialsEngineering & Construction

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.

At a Glance

Live Snapshot
Market Cap$233.69M
EPS-4.8400
P/E Ratio-3.54
Earnings Date08/05/2026
0.53%
Dividend Yield
-55%
3Y+1.0%
5Y-
10Y+50.0%
-2.33%
Dividend Payout Ratio
-75%
3Y-83.0%
5Y-
10Y-102.0%
3Y-67.0%
5Y-
10Y-60.0%
INNOVATE Corp.

INNOVATE Corp. Dividend History

VATE ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

VATE Dividend Payment History

VATE ยท NYSE

Total Payments

4

Latest Dividend

$0.7800

Annual Amount

$0.7800

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
N/A
Apr 13, 2026Apr 28, 2026
$0.7800
$0.7800
Quarterly-84.40%
Dec 11, 2012
Dec 21, 2012Dec 28, 2012
$0.0500
$5.0000
Quarterly-80.00%
Nov 14, 2012
Nov 27, 2012Dec 11, 2012
$0.2500
$25.0000
Quarterly+150.00%
Jun 20, 2012
Jul 2, 2012Jul 16, 2012
$0.1000
$10.0000
Quarterly-
vate

INNOVATE Corp. Payout Ratio Analysis

VATE ยท NYSE
Dividends Paid
-2.20M
2025
Net Income
-60.60M
2025
Payout Ratio
-3.63%
2025

Dividend Sustainability Analysis

Payout Ratio
-3.63%

Negative payout ratio indicates the company is either not paying dividends or has negative earnings. Not a dividend-paying stock currently.

FCF Payout Ratio
1.8%

Excellent FCF coverage. Dividend is well-supported by actual cash generation with ample room for increases and business reinvestment.

Dividend Growth
-83.3%

Significant dividend reduction signals serious challenges. Company prioritizing financial stability over shareholder returns. High risk of further cuts.

Sustainability
Fair

Dividend sustainability questionable. Monitor closely for signs of stress. Consider whether yield justifies the risk.

Key Insight

Recent dividend cut signals distress: Management forced to reduce payout, indicating financial pressure. Evaluate whether business challenges are temporary or structural before reinvesting.