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Temporary Equity and Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Stock by Class The Company’s preferred shares authorized, issued and outstanding consisted of the following:
December 31,
20222021
Preferred shares authorized, $0.001 par value
20,000,000 20,000,000 
Series A-3 shares issued and outstanding6,125 6,125 
Series A-4 shares issued and outstanding10,000 10,000 
Summary of Cash, PIK and Special Cash Dividends
During the years ended December 31, 2022 and 2021, INNOVATE's Board of Directors (the "Board") declared cash dividends with respect to INNOVATE’s issued and outstanding Preferred Stock, excluding the Series A and Series A-2 Preferred Stock which was owned by CGIC and was eliminated in consolidation prior to the sale of the Insurance segment on July 1, 2021, as presented in the following table (in millions):

2022
Declaration DateMarch 31, 2022June 30, 2022September 30, 2022December 31, 2022
Holders of Record DateMarch 31, 2022June 30, 2022September 30, 2022December 31, 2022
Payment DateApril 15, 2022July 15, 2022October 15, 2022January 15, 2023
Total Dividend$0.3 $0.3 $0.3 $0.3 

2021
Declaration DateMarch 31, 2021May 29, 2021September 30, 2021December 31, 2021
Holders of Record DateMarch 31, 2021May 29, 2021September 30, 2021December 31, 2021
Payment DateApril 15, 2021June 4, 2021October 15, 2021January 15, 2022
Total Dividend$0.2 $0.1 $0.3 $0.3 
During the years ending December 31, 2022 and 2021, DBMGi's Board of Directors declared dividends with respect to DBMGi’s issued and outstanding Preferred Stock, as presented in the following tables (in millions):

2022
Declaration DateMarch 31, 2022June 30, 2022September 30, 2022December 31, 2022
Holders of Record DateMarch 31, 2022June 30, 2022September 30, 2022December 31, 2022
Payment DateApril 15, 2022July 15, 2022October 15, 2022January 15, 2023
Total Dividend*$0.9 $0.9 $0.9 $0.9 

*The dividends paid on April 15, 2022, October 15, 2022 and January 15, 2023 were paid in cash. The DBMGi Board of Directors elected to pay the second quarter dividend payable July 15, 2022 in shares.

2021
Declaration DateSeptember 30, 2021December 31, 2021
Holders of Record DateSeptember 30, 2021December 31, 2021
Payment DateOctober 15, 2021January 15, 2022
Total Dividend$0.8 $0.9 

The 2021 dividends were paid in cash.