Will ZIM pay dividend in 2023? (2024)

Will ZIM pay dividend in 2023?

ZIM Integrated Shipping Services's next quarterly payment date is on Apr 03, 2023, when ZIM Integrated Shipping Services shareholders who owned ZIM shares before Apr 04, 2023 received a dividend payment of $6.4 per share. Add ZIM to your watchlist to be reminded of ZIM's next dividend payment.

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Has ZIM suspended its dividend?

(NYSE:ZIM) is an Israeli shipping company that specializes in container shipping and logistics services. The company also operates a global network of shipping routes and services. The company last paid dividends in the March quarter and announced the suspension of its payouts in August due to its Q2 losses.

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What is the dividend for ZIM Integrated Shipping Services in 2024?

The forward dividend yield for ZIM as of Feb. 21, 2024 is 50.73%. Dividend history for stock ZIM (ZIM Integrated Shipping Services Ltd.)

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What happened to ZIM dividends?

The company's dividend policy dictated that ZIM cut the dividend payout. Fool.com contributor and finance professor Parkev Tatevosian provides a deeper analysis of why ZIM's (ZIM -2.62%) management team paused the dividend payment. *Stock prices used were the afternoon prices of June 15, 2023.

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Will ZIM stock go back up?

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 $11.33 with a high forecast of $20.00 and a low forecast of $5.00. The average price target represents a -10.15% change from the last price of $12.61.

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Why is ZIM stock so low?

ZIM Integrated stock price has been declining due to poor Q3 results and depressed freight rates. Recent events in the Red Sea, such as missile strikes on cargo vessels, have sparked a short squeeze and potential increase in freight prices.

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How often in a year does ZIM pay a dividend?

When does ZIM Integrated Shipping Services pay dividends? ZIM Integrated Shipping Services pays a dividend 1 times a year. Payment month is April.

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Is ZIM a good stock to buy?

The financial health and growth prospects of ZIM, demonstrate its potential to outperform the market. It currently has a Growth Score of D. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.

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Is ZIM integrated shipping a good buy?

Right now, ZIM Integrated Shipping Services possesses a Zacks Rank of #2 (Buy). In terms of valuation, ZIM Integrated Shipping Services is currently trading at a Forward P/E ratio of 5.67. This denotes a discount relative to the industry's average Forward P/E of 7.78.

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What is the stock price prediction for ZIM in 2024?

ZIM Stock Price Forecast 2024-2025

ZIM price started in 2024 at $9.87. Today, ZIM traded at $12.61, so the price increased by 28% from the beginning of the year. The forecasted ZIM price at the end of 2024 is $19.41 - and the year to year change +97%. The rise from today to year-end: +54%.

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Is ZIM a good dividend stock?

(NYSE: ZIM) stock has rebounded. Its 49% dividend is a real standout. It makes one wonder why ZIM isn't a no-brainer buy for income investors. The problem is the underlying volatility of the stock and the shipping container industry and the fallacy of dividends.

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What is the 4th quarter dividend for ZIM?

The company declared a Q4 2022 dividend of $6.40 per share. That brought full-year dividends to $16.94 per share, equating to $2.04 billion or 44% of net income.

Will ZIM pay dividend in 2023? (2024)
What is the ZIM third quarter dividend?

Given our significant cash generation, and consistent with our prioritization of returning capital to shareholders, we have declared this year over $1.26 billion, or $10.55 per share, in dividends on account of 2022 results, including a Q3 dividend of approximately $354 million, or $2.95 per share."

Who owns the most ZIM stock?

Largest shareholders include Susquehanna International Group, Llp, Menora Mivtachim Holdings Ltd., BlackRock Inc., Morgan Stanley, Citadel Advisors Llc, Susquehanna International Group, Llp, Citadel Advisors Llc, American Century Companies Inc, AVDV - Avantis International Small Cap Value ETF, and Jefferies Group LLC .

Who owns the most shares of ZIM?

Zim Integrated Shipping Services Stock Ownership FAQ

Menora Mivtachim Holdings Ltd is the largest individual Zim Integrated Shipping Services shareholder, owning 2.69M shares representing 2.24% of the company. Menora Mivtachim Holdings Ltd's Zim Integrated Shipping Services shares are currently valued at $35.66M.

What is the problem with ZIM stock?

Heading into Q2 2023, analysts weren't overly optimistic about ZIM, predicting an $0.88 per share loss on sales of $1.35 billion. Unfortunately, ZIM failed to clear even this low bar, as revenue sailed in light at just $1.3 billion. Even worse, losses were more than twice as bad as feared: $1.79 per share.

What is the future of ZIM?

Future Growth

ZIM Integrated Shipping Services's revenue is forecast to decline at 0.3% per annum while its annual earnings are expected to grow at 80.4% per year. EPS is expected to grow by 80.3% per annum. Return on equity is forecast to be -10.6% in 3 years.

Why is ZIM tanking?

After the company disappointed investors with a weaker-than-expected first-quarter 2023 earnings report and offered an inauspicious outlook on 2023, the stock price of ZIM Integrated Shipping Services (ZIM 0.48%) plunged more than 16% yesterday. And it doesn't look as if the sell-off will be ending today.

What months are most dividends paid?

Most companies pay dividends quarterly or semi-annually. They have specific payment dates on the last day of each quarter or every six months, respectively. For instance, Procter & Gamble (NYSE: PG) follows a quarterly schedule and often pays dividends in February, May, August and November.

What is the dividend payout ratio for ZIM?

The dividend payout ratio for ZIM is: -36.06% based on the trailing year of earnings. 289.59% based on next year's estimates. 13.23% based on cash flow.

Are dividends paid twice a year?

The vast majority of dividends are paid four times a year on a quarterly basis, but some companies pay their dividends semi-annually (twice a year), annually (once a year), monthly, or more rarely, on no set schedule whatsoever (called “irregular” dividends).

Is ZIM stock overvalued?

For this estimate we use a Discounted Cash Flow model. Significantly Below Fair Value: ZIM is trading below fair value by more than 20%.

How many ships does ZIM own?

As opposed to other major carriers, ZIM relies heavily on the chartering of ships. As of May 2023, only 8 of ZIM's ships were owned by the company, while 131 were chartered.

Does ZIM have any LNG ships?

Haifa, April 19, 2023 – The Naming Ceremony of ZIM MOUNT EVEREST and ZIM MOUNT BLANC was held today at SHI Shipyard in Korea. These vessels are the second and third 15,000 TEU LNG-powered vessels to join ZIM's fleet, following the delivery of ZIM Sammy Ofer in February 2023.

How old is ZIM stock?

The company's headquarters are in Haifa, Israel; Originating in 1945, ZIM has traded on the New York Stock Exchange since 2021.


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