Zim Integrated Shipping Services Ltd (ZIM) Dividends (2024)

FAQs

How safe is ZIM dividend? ›

ZIM's dividend payout ratio is -28.55% ($16.95/-$22.42) which is not sustainable.

ZIM Integrated Shipping Services has experienced volatility due to surging ocean freight rates following attacks in the Red Sea. The increase in prices is favorable for the company and suggests a potential dividend comeback in 2024.

Last dividend for ZIM Integrated Shipping Service (ZIM) as of April 27, 2024 is 6.40 USD. The forward dividend yield for ZIM as of April 27, 2024 is 96.82%.

The intrinsic value of one ZIM stock under the Base Case scenario is 31.71 USD. Compared to the current market price of 13.53 USD, ZIM Integrated Shipping Services Ltd is Undervalued by 57%. What is intrinsic value? The backtest indicates that ZIM could be a value trap.

Valuation metrics show that ZIM Integrated Shipping Services Ltd. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of ZIM, demonstrate its potential to outperform the market.

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Zim is an owner and operator of cargo ships. The stock spent most of 2023 caught in a downdraft as global uncertainty and rising inflation led to a cutback in cargo demand and decreasing volumes. Investors perceived Zim as particularly vulnerable to a downturn because of its relatively high debt load.

Average Price Target

Based on 4 Wall Street analysts offering 12 month price targets for ZIM Integrated Shipping Services in the last 3 months. The average price target is $10.01 with a high forecast of $18.00 and a low forecast of $5.00.

The ZIM Shipping stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

Dividend Summary

There are typically 4 dividends per year (excluding specials).

Why is ZIM stock dropping? ›

Concerns about the global economy and higher interest rates led big shipping customers to cut back on cargo volumes, which depressed prices for shipping services. Investors have worried that Zim is particularly vulnerable to a downturn because of its relatively high debt load.

Largest shareholders include Susquehanna International Group, Llp, Menora Mivtachim Holdings Ltd., BlackRock Inc., Morgan Stanley, Citadel Advisors Llc, Encompass Capital Advisors LLC, Susquehanna International Group, Llp, Citadel Advisors Llc, Citadel Advisors Llc, and American Century Companies Inc .

Zimbabwe's government stopped servicing the loans it owes to international financial institutions more than two decades ago. The arrears it has accumulated on its external debt equated to 52% of its gross domestic product in 2022, up from 26% four years earlier, according to the World Bank.

Total debt on the balance sheet as of December 2023 : $4.99 B. According to ZIM Integrated Shipping Services's latest financial reports the company's total debt is $4.99 B. A company's total debt is the sum of all current and non-current debts.

International Paper Company ( IP ) pays dividends on a quarterly basis. International Paper Company ( IP ) has increased its dividends for 1 year. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.

Cons. No guarantee of future dividends. Stock price declines may offset yield. Dividends are taxed in the year they are distributed to shareholders.