3Earnings per share calculation for all periods reflect a share split of 1:10 that became effective in 2021. Withholding Tax Procedures on a Special Dividend to be Distributed by ZIM in September 2021, https://www.prnewswire.com/news-releases/withholding-tax-procedures-on-a-special-dividend-to-be-distributed-by-zim-in-september-2021-301360480.html. investors@zim.com. Past performance is no guarantee of future results. ZIM Integrated Shipping Services pays Quarterly dividends to shareholders. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. View which stocks are hot on social media with MarketBeat's trending stocks report. ZIM to expand e-commerce service at Port of Baltimore, The 7 Highest-Paying Dividend Stocks for Income Lovers. Reconciliation items between operating income and Adjusted EBIT in the fourth quarter and full year were minor, Revenues for the fourth quarter were $3.47 billion, a year-over-year increase of 155%; revenues for the full year were $10.73 billion, a year-over-year increase of 169%, Carried volume in the fourth quarter was 858 thousand TEUs, a year-over-year increase of 7%. Copy and paste multiple symbols separated by spaces. Get short term trading ideas from the MarketBeat Idea Engine. If you experience any issues with this process, please contact us for further assistance. Dividend Capture Strategy for ZIM Dividend capture strategy is based on ZIM's historical data. These symbols will be available throughout the site during your session. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. ZIM Integrated Shipping Services (ZIM) Quote Overview, ZIM Integrated Shipping Services (ZIM) Dividend History. This presents value for investors. Contact Jea Yu via email at JeaYu21@gmail.com. ZIM Integrated Shipping Services Ltd. ( ZIM ) . Payment of the Dividend . Adjusted EBIT was $5.82 billion for the full year of 2021, compared to $729 million for the full year of 2020. Copy and paste multiple symbols separated by spaces. Here's 3 Dividend Stocks That Pay Monthly, 3 Lithium Stocks Powering Up For Big 2023 Gains, Why You Absolutely Must Buy Dividend Stocks This Year, Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. SOURCE ZIM Integrated Shipping Services Ltd. ZIM Integrated Shipping Services Ltd. When autocomplete results are available use up and down arrows to review and enter to select. The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. You can find more details by going to one of the sections under this page such as ex-date, dividend and . There are typically 4 dividends per year (excluding specials). For a security, the Price/Earnings Ratio is given by dividing the Last Sale Price by the Actual EPS (Earnings Per Share). The dividend yield is calculated by dividing the annual dividend payment by the prevailing share price, The table below shows the full dividend history for Zim Integrated Shipping Services Ltd. Avner ShatsZIM Integrated Shipping Services Ltd.+972-4-865-2520shats.avner@zim.com, Elana HolzmanZIM Integrated Shipping Services Ltd.+972-4-865-2300holzman.elana@zim.com, Leon BermanThe IGB Group212-477-8438lberman@igbir.com, View original content:https://www.prnewswire.com/news-releases/withholding-tax-procedures-on-a-special-dividend-to-be-distributed-by-zim-in-september-2021-301360480.html. ZIM CFO Xavier Destriau conceded a shift to . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. See the reconciliation of net income to Adjusted EBITDA and Adjusted EBIT and net cash generated from operating activities to free cash flow under "Reconciliation of Non-IFRS Measures" below. Real-time analyst ratings, insider transactions, earnings data, and more. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. On the ex-dividend date, Nov. 28, 2022, ZIM opened at $22.97, down ($2.70) or (10.5%). When did ZIM Integrated Shipping Services last increase or decrease its dividend? Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? On Nov. 16, 2022, ZIM released its third-quarter 2022 results for the quarter ending in September 2022. How good is it? On the Payment Date the Company will withhold 25% of the Dividend amount and will remit the tax amount to the Agent, to be handled by the Agent in accordance with the terms and conditions of the Ruling. Dividend policy: the Company intends to distribute a dividend to shareholders on a quarterly basis at a rate of approximately 20% of the net income derived during such fiscal quarter with respect to the first three fiscal quarters of the year, while the cumulative annual dividend amount to be distributed by the Company (including the interim dividends paid during the first three fiscal quarters of the year) will total 30-50% of the annual net income. The following is a summary of some of the key terms of the Ruling. Delayed quotes by FIS. The record date for the dividend was May 31, 2017, so given trade settlement times of 3 days, an investor would have needed to buy the stock by May 28 in order to be paid the dividend. Zim Integrated Shipping Services Ltd On March 9, 2022, ZIM announced a dividend payment of $17.00 per ordinary share (approximately $2.04 billion), to holders of the ordinary shares as of March 23, 2022. To learn more, click here. On March 9, 2022, ZIM announced a dividend payment of $17.00 per ordinary share (approximately $2.04 billion ), to holders of the ordinary shares as of March 23, 2022. In-depth profiles and analysis for 20,000 public companies. Verify your identity, personalize the content you receive, or create and administer your account. The call (and slide presentation) will be available via live webcast through ZIM's website, located at the following link. $23.63 You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Nothing shall substitute for the independent investigations and sound judgement of our users. Average freight rate per TEU in the full year was $2,786, a year-over-year increase of 127%, Declared approximately $2.04 billion, or $17.00 per share dividend, representing 50% of 2021 net income on a cumulative basis (including interim quarterly dividend already distributed on account of Q3 2021 results). ZIM Integrated Shipping: Are the Bears Losing Their Grip? Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. The Consecutive Annual Dividend Increases - the number of years this company has been increasing its dividends. These 11 stocks will be Dividend Kings in 5 years or less. These products and services are usually sold through license agreements or subscriptions. ZIM has paid out $10.55 per share in dividends for the first three quarters of 2022, including the recent Q3 2022 dividend of $2.95. 9 Andrei Sakharov St. (Matam Center) Dividend History (adjusted for splits) Ex-Dividend Date Payout Date Cash Amount % Change; 2023-05-27: 2023-06-08: $2.95** . Dividend history information is presently unavailable for this company. Should you invest $1,000 in ZIM Integrated Shipping Services right now? ZIM's net leverage ratio as of December 31, 2021 was 0.0x, compared to 1.2x as of December 31, 2020. Shareholders are advised to consult with their own personal tax and financial advisers as to the tax consequences resulting from their personal tax situation. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The current dividend yield for ZIM Integrated Shipping Services is 49.87%. Adjusted EBITDA and Adjusted EBIT margins for the fourth quarter of 2021 were 68% and 61%, respectively. Investors are already flocking there for a chance at 1,000%+ returns. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. This could indicate that the company has never provided a dividend or Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Payment of the Dividend. Often, stocks drop in price by at least equivalent to the dividend price. A Shareholder who did not declare that it, he or she is a resident of a Treaty State and is the beneficial owner of the Dividend, may apply to the Agent during the Change of Rate Period only (subject to complying with all the documentation requirements detailed below) requesting the receipt of the monetary difference between the tax amount remitted to the Agent (at a rate of 25%) and the amount represented by the withholding tax rate applicable to such dividend payment under the ITO or by the limited withholding tax rate applicable to such dividend payment under the ITO, to the extent applicable. On Nov. 27, 2022, ZIM stock closed at $25.67. Is Most-Watched Stock ZIM Integrated Shipping Services Ltd. (ZIM) Worth Betting on Now? Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 2 Oil Refiners Posting Record Margins: Can the Trend Continue? This includes $2.50/share dividend declared in November 2021. To access the live conference call by telephone, please dial the following numbers: United States +1-855-265-6958 or +1-718-705-8796; Israel +972-3-721-9662 or UK/international +44-1-212-818-004. CBS News Reports: "It's an entirely new type of weapon." Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. In order to enjoy the Reduced Withholding Tax Rate, Shareholders must comply with all the terms of the Ruling, a copy of which in the Hebrew language as well as an unofficial non-binding English translation thereof can be obtained free of charge by email by approaching the Agent (as defined below) at the contact details provided below. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. ZIM Integrated Shipping Services Ltd. ( ZIM) will begin trading ex-dividend on December 15, 2021. Learn more. Shares staged a rally on the weekly market structure low (MSL) breakout through $18.19. Box 15067, Haifa 3190500, Israel, +972-4-865-2300 ZIM Integrated Shipping Services Ltd. In order to facilitate the implementation of the procedures set forth in the Ruling for the benefit of its Shareholders, the Company appointed ESOP Management & Trust Services Ltd to serve as a processing agent for the benefit of the Shareholders in connection with the distribution of the Dividend (the "Agent"). The most recent change in the company's dividend was a decrease of $1.80 on Wednesday, November 16, 2022. Payment of the Dividend is expected to be made on April 4, 2022 (the "Payment Date"). Real-time analyst ratings, insider transactions, earnings data, and more. ZIM is a part of the Transportation sector, which includes companies such as Carnival Corporation (CCL) and Brookfield Infrastructure Partners LP (BIP). Net income for the fourth quarter of 2021 was $1.71 billion, compared to $366 million for the fourth quarter of 2020. Freight rates are expected to fall under pre-pandemic levels, which poses a big problem as costs are still 45% to 70% above pre-pandemic levels. 2021 Dividends In accordance with the Company's dividend policy, ZIM's Board of Directors declared a cash dividend of approximately $2.04 billion, or $17.00 per ordinary share, reflecting approximately 50% of 2021 net income on a cumulative basis, including the $2.50 per share interim dividend paid in December 2021 on account of Q3 2021 results. Export data to Excel for your own analysis. It makes one wonder why ZIM isn't a no-brainer buy for income investors. The dividend is paid every three months and the last ex-dividend date was Nov 28, 2022. Dividend Yield 116.44% Annual Dividend $27.55 Ex-Dividend Date Nov 28, 2022 Payout Frequency Quarterly Payout Ratio 54.70% Dividend Growth n/a Dividend History Export The other fundamental problem to understand regarding dividend stocks is that the dividend is not "free." Operating margin for the full year of 2021 was 54%, compared to 18% for the full year of 2020. Terms of Service apply. ZIM's payout ratio currently sits at 39% of earnings. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. Conference Call Details Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update today at 8:00 AM ET. Operating income (EBIT) for the fourth quarter of 2021 was $2.12 billion, compared to $439 million for the fourth quarter of 2020. It operates as fleet and a network of shipping lines offering cargo transportation services on all major global trade routes, it also offers multi-modal, cargo handling, tariff management, schedule information, and other related services supported by the company's local offices and representatives around the world. ZIM Integrated Shipping Services Ltd. (ZIM) will begin trading ex-dividend on December 15, 2021. Operating margin for the fourth quarter of 2021 was 61%, compared to 32% in the fourth quarter of 2020. 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