ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) has secured a tax ruling from the Israeli Tax Authority (ITA) with respect to the tax withholding procedures relating to the payment of. Get daily stock ideas from top-performing Wall Street analysts. Adding In this case, though, May 28 was a Sunday, so the investor would have . * indicates the important links in the menu, After-Market: ZIM Integrated Shipping Services Ltd. (ZIM) will begin trading ex-dividend on December 15, 2021. The next dividend for ZIM is projected to be 2.95. The company declared a dividend of $2.95 or $354 million. About ZIM ZIM (NYSE: ZIM) is a global container liner shipping company with leadership positions in the markets in which it operates. A publicly traded non-Israeli corporate Shareholder whose shares are traded on a stock market outside of Israel and is a resident of a Treaty State, or a direct or indirect subsidiary of such Shareholder, will also provide the Agent with a declaration that it is a resident of such Treaty State or another non-Israeli state, as applicable. The record date for the dividend was May 31, 2017, so given trade settlement times of 3 days, an investor would have needed to buy the stock by May 28 in order to be paid the dividend. Capital expenditures totaled $1.01 billion for the year ended December 31, 2021, compared with $43 million for the year ended December 31, 2020. 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. See rankings and related performance below. The Dividend is Real, But ZIM declared a $2.95 per share dividend on its Q3 2022 earnings report. Before you consider ZIM Integrated Shipping Services, you'll want to hear this. The Best High-Yield Dividend Stocks for 2023. The annual dividend for ZIM shares is $11.80. 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. Analyst Samuel Bland said he's expecting negative cash flow from 2023 to 2025 but believes ZIM will still have $2.3 billion in net cash at the trough. ", Mr. Glickman concluded, "Today, ZIM is commercially and operationally stronger than ever making us more optimistic about our future than ever before. 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. Learn more. Its 49% dividend is a real standout. Payment of the Dividend. The weekly candlestick chart on ZIM illustrates a cup and handle breakout. The dividend will be paid on April 4, 2022, to holders of record of the ordinary shares as of March 23, 2022. These products and services are usually sold through license agreements or subscriptions. General Withholding Tax Treatment under Israeli Law Free Stock Analysis Report: See The True Value of Any Stock, 5 stocks we like better than ZIM Integrated Shipping Services, 3 Secrets To Consistent Trading Success. Adjusted EBITDA was $2.36 billion for the fourth quarter of 2021, compared to $531 million for the fourth quarter of 2020. Register for your free account today atdata.nasdaq.com. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. February 27th, 2023 7:00 AM Dividend kings are a popular choice for income investors. Develop and improve features of our offerings. Nasdaq Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. ZIM Integrated Shipping Services's most recent ex-dividend date was Monday, November 28, 2022. The scores are based on the trading styles of Value, Growth, and Momentum. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. ZIM currently pays investors $11.80 per share, or 48.08%, on an annual basis. The previous Zim Integrated Shipping Services Ltd dividend was 295c and it went ex 3 months ago and it was paid 3 months ago. Annual Report on Form 20-F for 2021 In accordance with rule 203.01 of the NYSE, the Company's Annual Report filed with the Securities and Exchange Commission on March 9, 2022, on Form 20-F is available on the Company's website. The number of outstanding shares as of December 31, 2021, was 119,743,188.4See disclosure regarding "Use of Non-IFRS Financial Measures" below.5See disclosure regarding "Use of Non-IFRS Financial Measures" below. To see all exchange delays and terms of use please see Barchart's disclaimer. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Type a symbol or company name. Is Most-Watched Stock ZIM Integrated Shipping Services Ltd. (ZIM) Worth Betting on Now? These 11 stocks will be Dividend Kings in 5 years or less. See the reconciliation of net income to Adjusted EBITDA and Adjusted EBIT and net cash generated from operating activities to free cash flow under "Reconciliation of Non-IFRS Measures" below. Best dividend capture stocks in Mar. Get short term trading ideas from the MarketBeat Idea Engine. On the Payment Date the Company will withhold 25% of the Dividend amount and will remit the tax amount to the Agent, to be handled by the Agent in accordance with the terms and conditions of the Ruling. Adjusted EBITis a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net and income taxes, in order to reach our results from operating activities, or EBIT, 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. Here's 3 Dividend Stocks That Pay Monthly, View Joby Aviation Stock Preps For Takeoff, View 3 Lithium Stocks Powering Up For Big 2023 Gains, View Why You Absolutely Must Buy Dividend Stocks This Year. ZIM Integrated Shipping Services Ltd. (ZIM) dividend summary: yield, payout, growth, announce date, ex-dividend date, payout date and Seeking Alpha Premium dividend score. Often, stocks drop in price by at least equivalent to the dividend price. The Dividend History page provides a single page to review all of the aggregated Dividend payment information. When did ZIM Integrated Shipping Services last increase or decrease its dividend? "The special dividend is supplemental to ZIM's previously communicated 2021 annual dividend guidance, whereby the. 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%. Free cash flow is a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net. If you experience any issues with this process, please contact us for further assistance. This could indicate that the company has never provided a dividend or 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). Our Dividend Calendar has the full list of stocks that have an ex-dividend today. 0 yrs. 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. So what happened on the ex-dividend date? The transfer of the amounts withheld, excluding the amounts returned to the Shareholders, as aforementioned, shall be conducted by the Agent. Chartering Agreements for Newbuild Vessels During 2021 and subsequent to year end, ZIM entered into four charter agreements for a total of 36 newbuild vessels, as follows: All the newbuild vessels are expected to be delivered to ZIM during 2023 and2024. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. American Consumer News, LLC dba MarketBeat 2010-2023. 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. The current dividend yield for ZIM Integrated Shipping Services is 49.87%. In order to be eligible to benefit from a Reduced Withholding Tax Rate, Shareholders must provide the Agent with all documentation required under the Ruling not later than October 11, 2021. 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. Contact information of the Agent is provided at the bottom of this announcement. Payable Sept. 15; for shareholders of record Aug. 25; ex-div Aug. 24. Visit Performance Disclosure for information about the performance numbers displayed above. ZIM is a part of the Transportation sector, which includes companies such as Carnival Corporation (CCL) and Brookfield Infrastructure Partners LP (BIP). Do Not Sell My Personal Information (CA Residents Only). How Long Can Wingstop Stock Continue to Defy Gravity? A stock's ex-dividend date is the day new shareholders are no longer eligible to receive an upcoming dividend payment. When was ZIM Integrated Shipping Services's most recent dividend payment? A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Effective April 2, 2022, ZIM and the 2M alliance partners will operate their joint services on the Asia US East Coast (USEC) and Asia US Gulf Coast (USGC) trades based on a slot exchange and vessel sharing agreement. Net income for the full year of 2021 was $4.65 billion, compared to $524 million for the full year of 2020. Adjusted EBITDA and Adjusted EBIT margins for the fourth quarter of 2021 were 68% and 61%, respectively. Net income for the full year of 2021 included a tax expense of $1.01 billion. 3 Large Caps With Good Upside AND Big Dividend Yields, Why You Absolutely Must Buy Dividend Stocks This Year, 24.04% based on the trailing year of 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. If you wish to go to ZacksTrade, click OK. Learn more on ZIM's dividend yield history. ZIM Integrated Shipping Services pays Quarterly dividends to shareholders. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? Looking to generate income with your stock portfolio? Real time prices by BATS. Dividend History (adjusted for splits) Ex-Dividend Date Payout Date Cash Amount % Change; 2023-05-27: 2023-06-08: $2.95** . * Dividend amounts are adjusted for stock splits when applicable. In-depth profiles and analysis for 20,000 public companies. Factors that could cause such differences include, but are not limited to: market changes in freight, bunker, charter and other rates or prices, new legislation or regulation affecting the Company's operations, new competition and changes in the competitive environment, the outcome of legal proceedings to which the Company is a party, global and/or regional political instability, and other risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (SEC), including under the caption "Risk Factors" inits 2021 Annual Report filed with the SEC today. Net cash generated from operating activities was $5.97 billion for the full year of 2021, compared to $881 million for the full year of 2020. ZIM carried 858 thousand TEUs in the fourth quarter of 2021, compared to 799 thousand TEUs in the fourth quarter of 2020. ZIM Integrated Shipping Services Ltd. Get information about ZIM Integrated Shipping Services dividends and ex-dividend dates. 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. 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%). Zacks Ranks stocks can, and often do, change throughout the month. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. ZacksTrade and Zacks.com are separate companies. 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.Payment of the Dividend is expected . Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. 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. P.O. ZIM has a dividend yield of 116.44% and paid $27.55 per share in the past year. 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. We are excited to carry the exceptional momentum of 2021 forward into 2022, and well beyond. Type a symbol or company name. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The call (and slide presentation) will be available via live webcast through ZIM's website, located at the following link. 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