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

FAQs

Will ZIM pay a dividend in 2024? ›

On August 19, 2024, ZIM announced a dividend payment of $0.93 per ordinary share (approximately $112 million), to holders of the ordinary shares as of August 29, 2024. Payment of the Dividend is expected to be made on September 5, 2024 (the "Payment Date").

The dividend will be paid on September 5, 2024, to holders of ZIM ordinary shares as of August 29, 2024. All future dividends are subject to the discretion of Company's Board of Directors and to the restrictions provided by Israeli law.

The shipping company's quarterly dividend quadrupled quarter over quarter. ZIM's shareholder-friendly approach throws light on its financial prosperity. The shipping company's high dividend yield is a huge positive for income-seeking investors. This highlights confidence in its cash flow and prospects.

ZIM Integrated Shipping's profits surged in 2Q24 due to a significant recovery in sea freight prices, driven by Middle East turmoil and increased shipping risks. The company's EBIT forecast for 2024 was substantially raised, enhancing its appeal as a dividend stock with a leading yield of 13%.

ZIM is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 5.82. This compares to its industry's average Forward P/E of 7.06. Over the last 12 months, ZIM's Forward P/E has been as high as 2,112.74 and as low as -7,988.51, with a median of -1.78.

The Dividend is Real, But…

The payable date was Dec. 7, 2022, for shareholders of record on Nov. 29, 2022.

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 $14.18 with a high forecast of $22.00 and a low forecast of $9.20.

Total debt on the balance sheet as of March 2024 : $5.36 B

According to ZIM Integrated Shipping Services's latest financial reports the company's total debt is $5.36 B.

Its Value Score of A 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. It currently has a Growth Score of B.

Why is ZIM stock price so low? ›

ZIM's stock price has fallen due to a rough patch in the shipping industry. Demand for shipping has dropped as the global economy is struggling, and fuel costs remain high.

What are analysts forecasts for ZIM Integrated Shipping Services stock? The 28 analysts offering price forecasts for ZIM Integrated Shipping Services have a median target of 15.81, with a high estimate of 30.40 and a low estimate of 5.00. The median estimate represents a 103.20 difference from the last price of 16.32.

Having taken important steps to revamp our fleet and enhance our cost structure, which exceeded our expectations, we delivered profitable growth in Q1 2024, as ZIM generated net income of $92 million.

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").

ZIM Integrated Shipping Service ( ZIM) Dividends

Last dividend for ZIM Integrated Shipping Service (ZIM) as of Sept. 12, 2024 is 0.93 USD. The forward dividend yield for ZIM as of Sept. 12, 2024 is 20.20%.

To date and continued market strengths, we have raised our '24 guidance ranges. We anticipate full year adjusted EBITDA between $2.6 billion to $3 billion and adjusted EBIT between $1.45 billion to $1.85 billion.

ZIM stock price forecast for September 2024. The forecast for beginning 18.27 dollars. Maximum price 21.41, minimum 15.90. Averaged ZIM stock price for the month 18.52.

ZIM Integrated Shipping Services's Dividends per Share for the forward twelve months is calculated as $0.93 * 4 = $3.72. Current Share Price is $18.42. ZIM Integrated Shipping Services's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.16.