The Ruling solely deals with the withholding tax question and does not exhaust the full tax liability of any Shareholder. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. ZIM carried 858 thousand TEUs in the fourth quarter of 2021, compared to 799 thousand TEUs in the fourth quarter of 2020. 326 E 8th St #105, Sioux Falls, SD 57103 The next Zim Integrated Shipping Services Ltd dividend is expected to go ex in 13 days and to be paid in 26 days. The dividend will be paid on April 4, 2022, to holders of record of the ordinary shares as of March 23, 2022. ZIM declared a $2.95 per share dividend on its Q3 2022 earnings report. It's the "other" problem with ZIM as a pure dividend play. ZIM's net leverage ratio as of December 31, 2021 was 0.0x, compared to 1.2x as of December 31, 2020. Avg Price Recovery. The cup lip line formed in November 2022, peaking at $23.22 as it sold off to a low of $16.23 by December 2022. All rights reserved. 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%). 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. Could NVIDIA, Intel Become The Face of America's Semiconductors? The monthly returns are then compounded to arrive at the annual return. Copyright 2023 Morningstar, Inc. All rights reserved. ZIM Dividend History & Dividend Dates | Morningstar ZIM Integrated Shipping Services Ltd Ordinary Shares ZIM Dividends Morningstar Rating | Rating as of Feb 21, 2023 Quote Chart Stock. $17 dividend EX date march 22, this is their YEARLY dividend and will pay out a BIGGER one next year based on COMPANIES forecasted earnings. The company revised full-year 2022 guidance for adjusted EBITDA of $7.4 billion to $7.7 billion and adjusted EBIT of $6 billion to $6.3 billion. in Liberal Arts and minor in Business Administration from the University of Maryland. 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. ZIM Integrated Shipping Services Ltd. ( ZIM ) . Maintaining independence and editorial freedom is essential to our mission of empowering investor success. This presents value for investors. Daily market news in bullet point format. After submitting your request, you will receive an activation email to the requested email address. Nothing shall substitute for the independent investigations and sound judgement of our users. 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). HAIFA, Israel, Aug. 23, 2021 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. ("ZIM" or the "Company") (NYSE: ZIM), a global container liner shipping company, is pleased to announce to the holders of its ordinary shares (the "Shareholders"), that it secured a tax ruling (the "Ruling") from the Israeli Tax Authority ("ITA") with respect to the tax withholding procedures relating to the payment of dividend expected to take place on September 15, 2021, as detailed below. Zim Integrated Shipping Services Ltd 7:58 PM ET. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The vessels are due to be delivered to ZIM throughout 2023 and 2024, Subsequent to year end, announced extension and modification of operational cooperation agreement with the 2M alliance partners, 10 x 15,000 TEU LNG dual-fuel container vessels chartered from Seaspan, intended to serve on the Asia to US East Coast trade, 18 x 7,000 TEU LNG dual-fuel container vessels chartered from Seaspan (15 vessels) and an affiliate of Kenon Holdings (3 vessels), intended to serve across various global trades, 8 x 5,300 TEU wide beam vessels chartered from Navios Maritime Partners, intended to serve in trades between Asia and Africa. investors@zim.com. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 326 E 8th St #105, Sioux Falls, SD 57103 Appointment of Israeli Tax Withholding Agent. Complementing our ESG objectives, we continue to invest in digital initiatives and disruptive technologies and further strengthen our commercial prospects to drive long-term profitable growth, while maintaining our disciplined approach to capital allocation to maximize value for all of ZIM's stakeholders. Payment of the Dividend. Financial and Operating Highlights for the Full Year Ended December 31, 2021 Total revenues were $10.73 billion for the full year of 2021, compared to $3.99 billion for the full year of 2020, primarily driven by an increase in revenues from containerized cargo, reflecting increases in freight rates and carried volume. Visit Performance Disclosure for information about the performance numbers displayed above. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. (844) 978-6257. Could NVIDIA, Intel Become The Face of America's Semiconductors? 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? At the current stock price of $49.47, the dividend yield is 5.05%. Notwithstanding the foregoing, no refund of excess tax withholding shall be affected by the Agent with respect to any Shareholder holding more than 5% of the issued share capital of the Company, or whose entitlement to dividend from the Company pursuant to the Dividend exceeds $500,000, other than in accordance with a specific approval issued by the ITA. When was ZIM Integrated Shipping Services's most recent ex-dividend date? Touch device users, explore by touch or with swipe gestures. In addition to the foregoing, the Shareholder will provide a written declaration in the form annexed to this announcement which will include declarations as to the following: (i) the Shareholder's tax residence, (ii) the Shareholder's beneficial ownership of the dividend, (iii) the investment in ZIM shares has not been made through a permanent establishment in Israel, (iv) the holding of ZIM shares is made for the Shareholder's own account and not for the account of others, and (v) the payment will not be made to a permanent establishment of the Shareholder outside of the Shareholder's tax residence. P.O. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Payment of the Dividend. Investors are already flocking there for a chance at 1,000%+ returns. HAIFA, Israel, March 9, 2022 /PRNewswire/ --ZIM Integrated Shipping Services Ltd.(NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and twelve months ended December 31, 2021. So what happened on the ex-dividend date? contact@marketbeat.com He commented, "We are increasingly confident that the 46 newbuild charters may be quite competitively priced.. Daqo Contracts During 4th Quarter, Becomes Value Play for 2023. 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. 2021 net income was $4.65B or $39 per share, up 787% YoY We kicked off the year with listing our shares on the world's leading capital market in New York, and have not looked back since. All DividendMax content is provided for informational and research purposes only and is not in any way meant to represent trade or investment recommendations. Often, stocks drop in price by at least equivalent to the dividend price. These symbols will be available throughout the site during your session. As a result of the Ruling, certain Shareholders may be eligible to a reduced Israeli withholding tax rate with respect to their share of this dividend distribution, in comparison to the generally applicable withholding tax rate (the "Reduced Withholding Tax Rate"), under certain terms and conditions as set forth below. View which stocks are hot on social media with MarketBeat's trending stocks report. ZIM Integrated Shipping Services Ltd. Payment of the Dividend is expected to be made on September 15, 2021 (the "Payment Date"), to the Shareholders on record as at close of trading on August 25, 2021. 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. We remain focused on maintaining our strong execution and agility in 2022 and beyond, while advancing the highest standards of corporate governance and responsibility. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Why Investors Need to Take Advantage of These 2 Transportation Stocks Now, ZIM to Release Full Year and Fourth Quarter 2022 Results on Monday, March 13, 2023. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The amount reflects 30% of second quarter 2022 net income plus a one-time catch. 26 votes, 34 comments. The Consecutive Annual Dividend Increases - the number of years this company has been increasing its dividends. 0 yrs. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Use these ten stocks to generate a safe and reliable source of investment income. There needs to be a better understanding of the mechanics of how dividends work concerning the pricing of the underlying stock. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. ZIM to expand e-commerce service at Port of Baltimore, The 7 Highest-Paying Dividend Stocks for Income Lovers. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Adjusted EBIT was $5.82 billion for the full year of 2021, compared to $729 million for the full year of 2020. Zim Integrated Shipping Services's next ex-dividend date has not been announced yet. ", Mr. Glickman concluded, "Today, ZIM is commercially and operationally stronger than ever making us more optimistic about our future than ever before. ago by Reasoned-Listener Next ex-dividend date Maybe it's not announced yet, but when is the next ex-dividend date? On Feb. 13, 2023, Barclays downgraded ZIM shares to Underweight with a $15 price target, down from Equal Weight and $26.50 price target. Payable Sept. 15; for shareholders of record Aug. 25; ex-div Aug. 24. These returns cover a period from January 1, 1988 through January 2, 2023. In this case, though, May 28 was a Sunday, so the investor would have . NASDAQ data is at least 15 minutes delayed. General Withholding Tax Treatment under Israeli Law The Ruling is aimed to address solely the issue of tax withholding procedures and should not be construed as setting the actual tax liability of any Shareholder with respect to the Dividend or otherwise. Weighted average number of shares for EPS calculation: CONSOLIDATED Our daily ratings and market update email newsletter. Free cash flow is a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net. Adjusted EBITDAis a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net, income taxes, depreciation and amortization in order to reach EBITDA, and further adjusted to exclude impairment of assets, non-cash charter hire expenses, capital gains (losses) beyond the ordinary course of business and expenses related to legal contingencies. We also returned substantial capital to shareholders, highlighted by a full year dividend of $19.50 per share, reflective of 50% of our 2021 net income. Notably, we are seizing the opportunity to be at the forefront of carbon intensity reduction among global liners, with 28 eco-friendly LNG dual-fuel container vessels due to be delivered to us between 2023 and 2024, which could account for 40% of our operated capacity. Verify your identity, personalize the content you receive, or create and administer your account. 3Earnings per share calculation for all periods reflect a share split of 1:10 that became effective in 2021. Is Target Stock Aiming For A Breakout In 2023? The Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The most recent change in the company's dividend was a decrease of $1.80 on Wednesday, November 16, 2022. Visit ourDividend Calendar: Our partner, Quotemedia, provides the upcoming ex-dividend dates for the next month (Other OTC & OTCBB stocks are not included in coverage for Dividend History). : 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. Enter your email address below to receive the DividendStocks.com newsletter, a concise daily summary of stocks that are about to go ex-dividend as well as new dividend announcements. Please note that Adjusted EBITDA does not take into account debt service requirements, or other commitments, including capital expenditures, and therefore, does not necessarily indicate the amounts that may be available for the Company's use. About ZIM ZIM (NYSE: ZIM) is a global container liner shipping company with leadership positions in the markets in which it operates. ZIM CEO Eli Glickman commented, "The proactive steps we have taken over the past two years, combined with our balance sheet strength, have transformed ZIM and significantly enhanced our resilience both commercially and operationally, to best position our Company for the 'new normal.. 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%. American Consumer News, LLC dba MarketBeat 2010-2023. Sign in to your free account to enjoy all that MarketBeat has to offer. When did ZIM Integrated Shipping Services last increase or decrease its dividend? This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 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