The Ruling solely deals with the withholding tax question and does not exhaust the full tax liability of any Shareholder. Avg Price Recovery. This site is protected by reCAPTCHA and the Google Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? Export data to Excel for your own analysis. He has been quoted and featured in USA Today, Wall Street Journal, Traders Magazine and the Financial Times and various trade publications like Stocks & Commodities, Active Trader and Online Investor. 40Seas, a New Fintech Platform Designed to Modernize Cross-Border Trade Financing, Secures Funding of $111 Million from ZIM and Team8, ZIM Integrated Shipping Services Ltd. (ZIM) is Attracting Investor Attention: Here is What You Should Know, ZIM Integrated Shipping Services Ltd. (ZIM) Is a Trending Stock: Facts to Know Before Betting on It. Please log in to your account or sign up in order to add this asset to your watchlist. A non-Israeli corporate Shareholder (excluding a Shareholder covered by section 9 below) that requests a Reduced Tax Withholding Rate, will also need to provide the Agent with its updated shareholders register as of August 25, 2021, and a statement confirming that more than 75% of its shareholders, directly or indirectly, are individuals of its state of residence. Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. This translates into receiving an 11.5% dividend, but the underlying stock fell (-10.5%) on the open and ended the day losing ($4.46) or (17.3%). ZIM Integrated Shipping Services distributed $2.95 per share that represents a 114.89% dividend yield. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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%. Looking to generate income with your stock portfolio? We accept no liability whatsoever for any decision made or action taken or not taken. Payout Ratio (FWD) 28.17%. If a company issues a $2 cash dividend, the stock is intrinsically worth $2 less, based on the cash drop. 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. These 11 stocks will be Dividend Kings in 5 years or less. ZIM Integrated Shipping Services Ltd. ( ZIM ) . Real-time analyst ratings, insider transactions, earnings data, and more. Zacks Style Scores Education - Learn more about the Zacks Style Scores. DividendMax.com is owned and operated by DividendMax Ltd. Our premium tools have predicted Zim Integrated Shipping Services Ltd with 37% accuracy. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. If you experience any issues with this process, please contact us for further assistance. Net income for the fourth quarter of 2021 was $1.71 billion, compared to $366 million for the fourth quarter of 2020. Box 15067, Haifa 3190500, Israel, +972-4-865-2300 To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Could NVIDIA, Intel Become The Face of America's Semiconductors? On May 19, 2021, ZIM announced a dividend payment of $2.00 per share (approximately $238 million) (the "Dividend"), which trades ex-dividend on August 24, 2021. ZIM Integrated Shipping Services ( NYSE: ZIM) declares $4.75/share quarterly dividend or $571M in dividend. Operating income (EBIT) for the fourth quarter of 2021 was $2.12 billion, compared to $439 million for the fourth quarter of 2020. The annual dividend for ZIM shares is $11.80. The amount reflects 30% of second quarter 2022 net income plus a one-time catch. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Capital expenditures totaled $1.01 billion for the year ended December 31, 2021, compared with $43 million for the year ended December 31, 2020. (844) 978-6257. 2023, Nasdaq, Inc. All Rights Reserved. Copy and paste multiple symbols separated by spaces. The chart below shows the optimized dividends for this security over a rolling 12-month period. ZIM Integrated Shipping Services Ltd. ZIM Integrated Shipping Services's most recent Quarterly dividend payment of $2.95 per share was made to shareholders on Wednesday, December 7, 2022. ", Mr. Glickman added, "Given our outstanding cash generation in 2021, we decisively allotted capital to support our customers as we strive to provide best-in-class service. And, if last year's timeframe is a good guide, then the Q4 Ex-Dividend Date should be on or about March 22, 2023. Liquidity, Cash Flows and Capital Allocation ZIM's total cash position (which includes cash and cash equivalents and investments in bank deposits and other investment instruments) increased by $3.24 billion from $572 million as of December 31, 2020 to $3.81 billion at December 31, 2021. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. TTM. 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. Type a symbol or company name. The dividend will be paid on April 4, 2022, to holders of record of the ordinary shares as of March 23, 2022. February 27th, 2023 7:00 AM Dividend kings are a popular choice for income investors. ", Eli Glickman, ZIM President & CEO, stated, "In our first year as the only global container liner listed on New York Stock Exchange, ZIM has achieved historically extraordinary results and executed on commitments made during our IPO process. We encourage you to contact the Agent if you need any clarifications in filling-in the forms required under the Ruling to obtain a Reduced Withholding Tax Rate, or if you have any questions concerning the process. Create your Watchlist to save your favorite quotes on Nasdaq.com. An Israeli corporate Shareholder which is entitled to a Reduced Tax Withholding Rate (including an exemption from withholding tax at source), will be able to apply to the Agent no later than October 11, 2021 (the end of the Change of Rate Period) and enclose an applicable valid ITA issued certificate setting forth a Reduced Tax Withholding Rate or an exemption from withholding tax. Appointment of Israeli Tax Withholding Agent. Stock Price and Dividend Data for Ord/ZIM Integrated Shipping Services Ltd (ZIM), including dividend dates, dividend yield, company news, and key financial metrics. The other fundamental problem to understand regarding dividend stocks is that the dividend is not "free." Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. When did ZIM Integrated Shipping Services last increase or decrease its dividend? The remaining 75% of the Dividend amount will be remitted by the Company to its transfer agent, American Stock Transfer & Trust Company, LLC ("AST"), which will transfer the said amount to the Shareholders (including through brokers who hold in brokerage accounts ZIM shares on behalf of Shareholders). Payment of the Dividend is expected to be made on December 27, 2021 (the "Payment Date"). The many accomplishments of the past year and our remarkable performance, both financially and operationally, are the direct outcome of the unrivaled execution of our talented and dedicated management team and employees around the world, supported by the Board. 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. Enter the number of Revenues grew 2..92% year-over-year (YoY) to $3.23 billion, beating consensus analyst estimates by $21.86 million. These symbols will be available throughout the site during your session. General Withholding Tax Treatment under Israeli Law So what happened on the ex-dividend date? : For the avoidance of doubt, the above does not address the actual tax liability of any Shareholder, but merely relates to Israeli withholding tax procedures relating to the distribution of the Dividend, in accordance with the Ruling. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Here's how you could join them before it's too late What is ZIM Integrated Shipping Services's dividend yield? We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Get daily stock ideas from top-performing Wall Street analysts. Founded in Israel in 1945, ZIM is one of the oldest shipping liners, with over 76 years of experience, providing customers with innovative seaborne transportation and logistics services with a reputation for industry leading transit times, schedule reliability and service excellence. Payment of the Dividend . ZIM Integrated Shipping Services Ltd. Dividends ZIM - Links: Vote 0 0 comments Best Add a Comment More posts you may like r/Muln Join 10 days ago You must click the activation link in order to complete your subscription. 326 E 8th St #105, Sioux Falls, SD 57103 With over 20 years of active participation and analysis of the US equities, options and futures markets, Mr. Yu brings fresh insights into the workings of the financial markets. Shares staged a rally on the weekly market structure low (MSL) breakout through $18.19. ZIM Integrated Shipping Services Ltd. Accordingly, ZIM will solely operate two out of the six joint Asia to USEC services (ZCP & ZSE) as well as three additional vessels on one of two joint Asia to USGC services (ZGX). 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