INNOVATE Corp. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Common Stock HC2 common stock trades on the NYSE under the ticker symbol "HCHC". Holders of Common Stock As of December 31, 2020, HC2 had approximately 4,735 holders of record of its common stock. This number does not include stockholders for whom shares were held in "nominee" or "street" name. Dividends HC2 paid no dividends on its common stock in 2020 or 2019, and the HC2 Board of Directors has no current intention of paying any dividends on HC2 common stock in the near future. The payment of dividends, if any, in the future is within the discretion of the HC2 Board of Directors and will depend on our earnings, our capital requirements, financial condition, the ability to comply with the requirements of the law and agreements governing our and our subsidiaries indebtedness. The Secured Indenture contains covenants that, among other things, limit or restrict our ability to make certain restricted payments, including the payment of cash dividends with respect to HC2’s common stock. The DBMG Facility contains similar covenants applicable to DBMG. See Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources and Note 15. Debt Obligations to our consolidated financial statements for more detail concerning our Secured Notes and other financing arrangements. Moreover, dividends may be restricted by other arrangements entered into in the future by us. Issuer Purchases of Equity Securities HC2 did not repurchase any of its equity securities in the year ended December 31, 2020.