ZIM Integrated Shipping Service dividends (2024)

FAQs

What is the next dividend date for ZIM? ›

The dividend will be paid on June 11, 2024 to holders of ZIM ordinary shares as of June 4, 2024.

ZIM Integrated Shipping Services is still a bargain right now. According to our valuation, the intrinsic value for the stock is $24.36, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.

Net debt position as of December 31, 2023, was $2.31 billion compared to a net cash position of $279 million as of December 31, 2022, a decrease of $2.59 billion. ZIM's net leverage ratio as of December 31, 2023, was 2.2x, compared to 0.0x as of December 31, 2022.

On May 21, 2024, ZIM announced a dividend payment of $0.23 per ordinary share (approximately $28.0 million), to holders of the ordinary shares as of June 4, 2024. Payment of the Dividend is expected to be made on June 11, 2024 (the "Payment Date").

There are three important dates involved with the process of a company paying a dividend: the declaration date, the ex-dividend date, and the record date.

The ex-dividend date or "ex-date" is usually one business day before the record date. Investors who purchase a stock on its ex-dividend date or after will not receive the next dividend payment. Instead, the seller gets the dividend. Investors only get dividends if they buy the stock before the ex-dividend date.

Zim is treading water

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.

Is Zim owned by Israel? ›

In 2004, the Israel Corporation acquired ZIM shares held by the government, completing ZIM's privatization process. A new ownership structure was established following a large-scale financial restructuring in 2014.