VATE Stock — Innovate Corp

Innovate Corp (VATE)

Updated October 16, 2026.

VATE is a Stock. its trailing-12-month yield is 13.00%. Total return is -76.9% over the past 17.3 years, 1126.4 points behind SPY at 1049.5%.

Innovate Corp operates three distinct business segments in the United States: Infrastructure provides industrial construction and steel fabrication services along with specialized manufacturing such as pollution control scrubbers and pressure vessels; Life Sciences develops treatments for early knee osteoarthritis and aesthetic skin technologies; and Spectrum operates over-the-air broadcasting stations. The company does not have an established regular distribution schedule; we have no current distribution rate, though it has made special or one-time payouts that may not recur.

VATE performance versus SPY

Price and return data through 2026-10-16.

Total return is -76.9% over the past 17.3 years, 1126.4 points behind SPY at 1049.5%. Over the past year its total return — price change plus distributions reinvested — is 46.7%. Its deepest 1-year drawdown was 70.2%.

VATE key facts

Asset type

Stock

Asset class

Equity

Inception date

07/13/2009

Distribution frequency

None

Trailing yield

13.00%

Last close

$6.00 (as of 2026-10-16)

Market cap

$81,851,196

Average volume

26131.0

Dividend

$0.78

Ex-dividend date

04/13/2026

Payment date

04/28/2026

Beta

2.445

Payout ratio

0.0%

Forward P/E

4.8591

EPS

$-1.79

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (13.00%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

VATE risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 70.2%.

Who may consider VATE — and who may not

It is a weaker fit for investors who need monthly cash flow (VATE does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on VATE

• All tickers starting with V

Tagged: Industrials.

Frequently asked questions