ZIM (ZIM Integrated Shipping Services) Dividend Yield % (2024)

FAQs

Will Zim Integrated pay a dividend in 2024? ›

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").

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.

ZIM pays a solid dividend yield of 1.30%, which is higher than the average of the bottom 25% of dividend payers in the US market (0.604%).

Is ZIM a Buy, Sell or Hold? ZIM Integrated Shipping Services has a consensus rating of Moderate Sell which is based on 1 buy ratings, 0 hold ratings and 3 sell ratings.

Zim is one of the world's 20 largest ocean shipping companies. The stock was caught in the doldrums last year due to weak demand and investor concerns about its debt. But the company's outlook improved in early 2024 as tensions in the Middle East disrupted key shipping lanes and caused shipping rates to climb.

Dividend Summary

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

Based on short-term price targets offered by four analysts, the average price target for ZIM Integrated Shipping Services comes to $13.55. The forecasts range from a low of $9.20 to a high of $22.00. The average price target represents a decline of 23.58% from the last closing price of $17.73.

In the quarter ending June 2024, Zim Integrated Shipping Serv has declared dividend of $0.23 - translating a dividend yield of 1.26%.

ZIM's dividend payout ratio is -1.09% ($0.23/-$21.18) which is not sustainable.

With improving freight pricing trends, however, ZIM Integrated Shipping might be poised for a profit recovery and the dividend might come back as well in 2024.

Is Zim a reliable stock? ›

Valuation metrics show that ZIM Integrated Shipping Services Ltd. may be undervalued. 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.

Although ZIM Integrated Shipping Services had an earnings before interest and tax (EBIT) loss over the last twelve months, it generated positive free cash flow of US$904m. So taking that on face value, and considering the net cash situation, we don't think that the stock is too risky in the near term.

Is ZIM Integrated Shipping Services stock a Buy, Sell or Hold? ZIM Integrated Shipping Services stock has received a consensus rating of hold. The average rating score is and is based on 6 buy ratings, 14 hold ratings, and 9 sell ratings.

Last dividend for ZIM Integrated Shipping Service (ZIM) as of Aug. 1, 2024 is 0.23 USD. The forward dividend yield for ZIM as of Aug. 1, 2024 is 2.34%.

ZIM Stock Price Forecast 2024-2025

The forecasted ZIM price at the end of 2024 is $24.15 - and the year to year change +145%. The rise from today to year-end: +24%. In the middle of 2024, we expect to see $21.71.

What is ZIM EPS forecast? ZIM EPS forecast for the fiscal quarter 2024 (Q2) is $0.44.

In finance, a dividend future is an exchange-traded derivative contract that allows investors to take positions on future dividend payments. Dividend futures can be on a single company, a basket of companies, or on an Equity index.

Purpose: The final dividend represents the company's final distribution of profits to shareholders for the year. It is a reward for shareholders who have held the shares throughout the year. Basis: Final dividends are declared based on the audited financial results of the company for the entire year.