ZIM Integrated Shipping Services Ltd. (ZIM) To Go Ex-Dividend on March 20th

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) announced a quarterly dividend on Monday, March 9th. Investors of record on Friday, March 20th will be given a dividend of 0.88 per share on Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Friday, March 20th. This is a 183.9% increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31.

ZIM Integrated Shipping Services has a payout ratio of -3.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect ZIM Integrated Shipping Services to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 2.0%.

ZIM Integrated Shipping Services Trading Up 2.6%

NYSE ZIM opened at $27.41 on Wednesday. The company has a market capitalization of $3.30 billion, a PE ratio of 6.89 and a beta of 1.56. ZIM Integrated Shipping Services has a 1 year low of $11.03 and a 1 year high of $29.97. The company has a fifty day moving average of $24.69 and a 200 day moving average of $19.31. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.23 and a quick ratio of 1.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($1.01) by $0.43. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.54 billion. ZIM Integrated Shipping Services had a return on equity of 9.33% and a net margin of 6.94%. Research analysts forecast that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.