View All News 13 March 2024 Full Year 2023 Revenue of $5,162 Million and Net Loss of $2,688 Million1 Adjusted EBITDA and Adjusted EBIT in Line with Guidance: Adjusted EBITDA2of $1,049 Million and Adjusted EBIT2Loss of $422 Million Full Year 2024 Outlook: Adjusted EBITDA of $850 Million to $1,450 Million and Adjusted EBIT Loss of $300 Million to Earnings of $300 Million3 HAIFA, Israel, March 13, 2024 /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, 2023. Fourth Quarter and Full Year 2023 Highlights Eli Glickman, ZIM President & CEO, stated, "Against a backdrop of weakened market conditions, industry disruptions and operational challenges in 2023, ZIM's exceptional team of professionals remained resilient and intently focused on achieving operational excellence and delivering the highest level of care for our valued customers. At the same time, we made significant progress advancing our strategic transformation and are pleased to have already started to realize the favorable outcomes we projected. Specifically, we are well on our way to markedly improving our cost structure, enhancing our commercial resilience, and enabling reduced carbon emissions for both ZIM and our customers moving forward." Mr. Glickman added, "Our fleet renewal program, which includes 46 newbuild containerships, focuses on shifting ZIM's reliance on older, less fuel-efficient vessels to a cost and fuel-efficient, more sustainable and largely LNG-powered newbuild fleet, and is progressing as planned following the delivery of 24 new vessels to date. Our cost per TEU is declining and we anticipate additional improvements as our 22 outstanding newbuilds are delivered during the remainder of the year. We continue to review our services to best address customers' evolving needs and position ZIM to capitalize on attractive growth opportunities." Mr. Glickman concluded, "During a time when the market remains volatile, our strong cash position will enable us to continue to maintain a long-term view as we focus on generating sustainable value for both customers and shareholders. Looking ahead, we intend to continue to take decisive steps to further benefit from our strategic transformation and expect ZIM to emerge in a stronger position than ever in 2025 and beyond." Summary of Key Financial and Operational Results Q4.23 Q4.22 FY.23 FY.22 Carried volume (K-TEUs).................................................... 786 823 3,281 3,380 Average freight rate ($/TEU)............................................... 1,102 2,122 1,203 3,240 Total Revenues ($ in millions)............................................. 1,205 2,189 5,162 12,562 Operating income (loss) (EBIT) ($ in millions).................... (54) 585 (2,511) 6,136 Profit (loss) before income tax ($ in millions)...................... (137) 558 (2,816) 6,027 Net income (loss) ($ in millions).......................................... (147) 417 (2,688) 4,629 Adjusted EBITDA2 ($ in millions)........................................ 190 973 1,049 7,541 Adjusted EBIT2 ($ in millions)............................................. (49) 585 (422) 6,145 Adjusted EBITDA margin (%)............................................. 16 44 20 60 Adjusted EBIT margin (%).................................................. (4) 27 (8) 49 Diluted earnings (loss) per share ($).................................. (1.23) 3.44 (22.42) 38.35 Net cash generated from operating activities ($ in millions) 162 1,069 1,020 6,110 Free cash flow2 ($ in millions)............................................ 128 1,048 919 5,796 DEC.23 DEC.22 Net debt (Net cash)2 ($ in millions).................................... 2,309 (279) Financial and Operating Results for the Fourth Quarter Ended December 31, 2023 Total revenues were $1,205 million for the fourth quarter of 2023, compared to $2,189 million for the fourth quarter of 2022, mainly driven by the decrease in freight rates. ZIM carried 786 thousand TEUs in the fourth quarter of 2023, compared to 823 thousand TEUs in the fourth quarter of 2022. The average freight rate per TEU was $1,102 for the fourth quarter of 2023, compared to $2,122 for the fourth quarter of 2022. Operating loss (EBIT) for the fourth quarter of 2023 was $54 million, compared to operating income of $585 million for the fourth quarter of 2022. The decrease was driven primarily by the above-mentioned decrease in revenues, partially offset by lower operating expenses. Net loss for the fourth quarter of 2023 was $147 million, compared to net income of $417 million for the fourth quarter of 2022, driven primarily by the reduction in operating income. Adjusted EBITDA for the fourth quarter of 2023 was $190 million, compared to $973 million for the fourth quarter of 2022. Adjusted EBIT loss was $49 million for the fourth quarter of 2023, compared to adjusted EBIT of $585 million for the fourth quarter of 2022. Adjusted EBITDA and Adjusted EBIT margins for the fourth quarter of 2023 were 16% and -4%, respectively. This compares to 44% and 27% for the fourth quarter of 2022, respectively. Net cash generated from operating activities was $162 million for the fourth quarter of 2023, compared to $1,069 million for the fourth quarter of 2022. Financial and Operating Results for the Full Year Ended December 31, 2023 Total revenues were $5,162 million for the full year of 2023, compared to $12,562 million for the full year of 2022, driven primarily by the decrease in freight rates. ZIM carried 3,281 thousand TEUs in the full year of 2023, compared to 3,380 thousand TEUs in the full year of 2022. The average freight rate per TEU was $1,203 for the full year of 2023, compared to $3,240 for the full year of 2022. Operating loss (EBIT) for the full year of 2023 was $2,511 million, compared to operating income of $6,136 million for the full year of 2022. The decrease was primarily driven by the above-mentioned decrease in revenues and an impairment loss of $2,063 million recorded in the third quarter of 2023. Net loss for the full year of 2023 was $2,688 million, compared to net income of $4,629 million for the full year of 2022, driven mainly by the decrease in operating income (loss) and the $2,063 million impairment loss. Adjusted EBITDA was $1,049 million for the full year of 2023, compared to $7,541 million for the full year of 2022. Adjusted EBIT loss was $422 million for the full year of 2023, compared to adjusted EBIT of $6,145 million for the full year of 2022. Adjusted EBITDA and Adjusted EBIT margins for the full year of 2023 were 20% and -8%, respectively. This compares to 60% and 49% for the full year of 2022, respectively. Net cash generated from operating activities was $1,020 million for the full year of 2023, compared to $6,110 million for the full year of 2022. 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) decreased by $1.92 billion from $4.61 billion as of December 31, 2022 to $2.69 billion as of December 31, 2023.5 Capital expenditures totaled $116 million for the year ended December 31, 2023, compared with $345 million for the year ended December 31, 2022. Net debt position as of December 31, 2023, was $2.31 billion compared to a net cash position of $279 million as of December 31, 2022, a decrease of $2.59 billion. ZIM's net leverage ratio as of December 31, 2023, was 2.2x, compared to 0.0x as of December 31, 2022. Use of Non-IFRS Measures in the Company's 2024 Guidance A reconciliation of the Company's non-IFRS financial measures included in its full-year 2024 guidance to corresponding IFRS measures is not available on a forward-looking basis. In particular, the Company has not reconciled its Adjusted EBITDA and Adjusted EBIT because the various reconciling items between such non-IFRS financial measures and the corresponding IFRS measures cannot be determined without unreasonable effort due to the uncertainty regarding, and the potential variability of, the future costs and expenses for which the Company adjusts, the effect of which may be significant, and all of which are difficult to predict and are subject to frequent change. Full-Year 2024 Guidance In 2024, the Company expects to generate Adjusted EBITDA between $850 million and $1,450 million and Adjusted EBIT between a loss of $300 million and earnings of $300 million. 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. To access the live conference call by telephone, please dial the following numbers: United States (toll free) +1-800-715-9871 or +1-646-307-1963; Israel +972-3-376-1144 or UK/international +44-20-3481-4247, and reference conference ID: 4621389 or the conference name. The call (and slide presentation) will be available via live webcast through ZIM's website, located at the following link. Following the conclusion of the call, a replay of the conference call will be available on the Company's website. Annual Report on Form 20-F for 2023 In accordance with Section 203.01 of the New York Stock Exchange Listed Company Manual, the Company's Annual Report filed with the U.S. Securities and Exchange Commission on March13, 2024 on Form20-F (including its full year 2023 audited financial statements) is available on the Company's website at www.zim.com. Hard copies of the Annual Report will be provided free of charge upon request, from the Company, as follows: ZIM Integrated Shipping Services Ltd., 9 Andrei Sakharov Street, P.O. Box 15067, Matam, Haifa 3190500, Israel, Attn: Head of Investor Relations, Finance Function, Email: [emailprotected], Tel: +972-4-865-2000(General), +972-4-865-2300 (Direct). About ZIM Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with established operations in more than 90 countries serving approximately 33,000 customers in over 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com. Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about the Company, may include projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company's current expectations and projections about future events or results. There are important factors that could cause the Company's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: market changes in freight, bunker, charter and other rates or prices, supply-demand fluctuations in the containerized shipping market, new legislation or regulation affecting the Company's operations, new competition and changes in the competitive environment, our ability to achieve cost savings or expense reductions, the outcome of legal proceedings to which the Company is a party, global, regional and/or local political instability, including the ongoing war between Israel and Hamas and the ongoing hostilities between Israel and Hezbollah, inflation rate fluctuations, capital markets fluctuations 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 2023 Annual Report filed with the SEC on March 13, 2024. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law. The Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). Use of Non-IFRS Financial Measures The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute for operating income, any other performance measures, or cash flow data, which were prepared in accordance with Generally Accepted Accounting Principles as measures of profitability or liquidity. 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. In addition, the non-IFRS financial measures presented by the Company may not be comparable to similarly titled measures reported by other companies due to differences in the way these measures are calculated. 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. 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. Free cash flowis a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net. Net debtis a non-IFRS financial measure which we define as face value of short- and long-term debt, minus cash and cash equivalents, bank deposits and other investment instruments. We refer to this measure as net cash when cash and cash equivalents, bank deposits and other investment instruments exceed the face value of short- and long-term debt. Net leverage ratiois a non-IFRS financial measure which we define as net debt (see above) divided by Adjusted EBITDA for the last twelve-month period. When our net debt is less than zero, we report the net leverage ratio as zero. See the reconciliation of net income to Adjusted EBIT and Adjusted EBITDA and net cash generated from operating activities to free cash flow in the tables provided below. Investor Relations: Elana Holzman Leon Berman Media: Avner Shats CONSOLIDATED BALANCE SHEET(Unaudited) (U.S. dollars in millions) December 31 2023 2022 Assets Vessels 3,758.9 4,409.9 Containers and handling equipment 792.9 1,242.8 Other tangible assets 85.2 98.5 Intangible assets 102.0 92.9 Investments in associates 26.4 22.0 Other investments 908.7 1,373.2 Other receivables 97.9 112.1 Deferred tax assets 2.6 2.3 Total non-current assets 5,774.6 7,353.7 Inventories 179.3 190.7 Trade and other receivables 596.5 825.7 Other investments 874.1 2,233.1 Cash and cash equivalents 921.5 1,022.1 Total current assets 2,571.4 4,271.6 Total assets 8,346.0 11,625.3 Equity Share capital and reserves 2,017.5 1,987.7 Retained earnings 437.2 3,901.9 Equity attributable to owners of the Company 2,454.7 5,889.6 Non-controlling interests 3.3 6.3 Total equity 2,458.0 5,895.9 Liabilities Lease liabilities 3,244.1 2,778.7 Loans and other liabilities 73.6 91.9 Employee benefits 46.1 45.2 Deferred tax liabilities 6.1 151.4 Total non-current liabilities 3,369.9 3,067.2 Trade and other payables 566.4 896.2 Provisions 60.7 50.2 Contract liabilities 198.1 238.9 Lease liabilities 1,644.7 1,380.8 Loans and other liabilities 48.2 96.1 Total current liabilities 2,518.1 2,662.2 Total liabilities 5,888.0 5,729.4 Total equity and liabilities 8,346.0 11,625.3 CONSOLIDATED INCOME STATEMENTS (Unaudited) (U.S. dollars in millions, except per share data) Three Months Ended Year Ended 2023 2022 2023 2022 Income from voyages and related services 1,205.3 2,188.9 5,162.2 12,561.6 Cost of voyages and related services Operating expenses and cost of services (963.1) (1,134.3) (3,885.1) (4,764.5) Depreciation (237.0) (380.6) (1,449.8) (1,370.3) Impairment of assets (2,034.9) Gross profit (loss) 5.2 674.0 (2,207.6) 6,426.8 Other operating income 11.9 8.1 14.4 48.9 Other operating expenses 3.2 (0.5) (29.3) (0.9) General and administrative expenses (71.3) (94.3) (280.7) (338.3) Share of loss of associates (2.6) (2.6) (7.8) (0.7) Results from operating activities (53.6) 584.7 (2,511.0) 6,135.8 Finance income 24.5 48.6 142.2 130.9 Finance expenses (108.0) (75.4) (446.7) (239.4) Net finance expenses (83.5) (26.8) (304.5) (108.5) Profit (loss) before income taxes (137.1) 557.9 (2,815.5) 6,027.3 Income taxes (9.5) (141.4) 127.6 (1,398.3) Profit (loss) for the period (146.6) 416.5 (2,687.9) 4,629.0 Attributable to: Owners of the Company (148.4) 414.2 (2,695.6) 4,619.4 Non-controlling interests 1.8 2.3 7.7 9.6 Profit (loss) for the period (146.6) 416.5 (2,687.9) 4,629.0 Earnings (loss) per share (US$) Basic earnings (loss) per 1 ordinary share (1.23) 3.45 (22.42) 38.49 Diluted earnings (loss) per 1 ordinary share (1.23) 3.44 (22.42) 38.35 Weighted average number of shares for Basic 120,266,569 120,098,658 120,213,031 120,012,375 Diluted 120,266,569 120,431,208 120,213,031 120,444,889 CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (U.S. dollars in millions) Year ended December 31 2023 2022 Cash flows from operating activities Profit (loss) for the year (2,687.9) 4,629.0 Adjustments for: Depreciation and amortization 1,471.8 1,396.3 Impairment loss 2,063.4 Net finance expenses 304.5 108.5 Share of profits (losses) and change in fair value of investees 6.5 (2.1) Capital gains, net (10.9) (42.7) Income taxes (127.6) 1,398.3 Other non-cash items 18.9 39.7 1,038.7 7,527.0 Change in inventories 11.4 (71.7) Change in trade and other receivables 242.7 496.6 Change in trade and other payables including contract liabilities (95.1) (325.7) Change in provisions and employee benefits 15.9 15.9 174.9 115.1 Dividends received from associates 2.3 0.9 Interest received 133.8 53.2 Income taxes paid (329.7) (1,586.1) Net cash generated from operating activities 1,020.0 6,110.1 Cash flows from investing activities Proceeds from sale of tangible assets, intangible assets and interest in 27.4 48.1 Acquisition and capitalized expenditures of tangible assets, intangible (115.7) (345.5) Acquisition of investment instruments, net (138.2) (1,433.1) Loans granted to investees (5.4) Change in other receivables 3.2 (20.2) Change in other investments (mainly deposits), net 2,005.2 105.7 Net cash generated from (used in) investing activities 1,776.5 (1,645.0) Cash flows from financing activities Receipt of long-term loans and other long-term liabilities 59.2 Repayment of lease liabilities and borrowings (1,713.1) (1,449.4) Change in short-term loans (21.0) (53.5) Dividend paid to non-controlling interests (8.9) (8.4) Dividend paid to owners of the company (769.2) (3,303.3) Interest paid (380.7) (221.0) Net cash used in financing activities (2,892.9) (4,976.4) Net change in cash and cash equivalents (96.4) (511.3) Cash and cash equivalents at beginning of the year 1,022.1 1,543.3 Effect of exchange rate fluctuation on cash held (4.2) (9.9) Cash and cash equivalents at the end of the year 921.5 1,022.1 RECONCILIATION OF NET INCOME TO ADJUSTED EBIT* (U.S. dollars in millions) Three months ended Year ended 2023 2022 2023 2022 Net income (loss) (147) 417 (2,688) 4,629 Financial expenses, net 84 27 305 109 Income taxes 9 141 (128) 1,398 Operating income (loss) (EBIT) (54) 585 (2,511) 6,136 Capital gain (loss), beyond the ordinary course of business (1) 20 (1) Impairment of assets 2,063 Expenses related to legal contingencies 5 5 10 Adjusted EBIT (49) 585 (422) 6,145 Adjusted EBIT margin (4)% 27% (8)% 49% * The table above may contain slight summation differences due to rounding. RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA* (U.S. dollars in millions) Three months ended Year ended 2023 2022 2023 2022 Net income (loss) (147) 417 (2,688) 4,629 Financial expenses, net 84 27 305 109 Income taxes 9 141 (128) 1,398 Depreciation and amortization 239 388 1,472 1,396 EBITDA 186 973 (1,039) 7,532 Capital gain (loss), beyond the ordinary course of business (1) 20 (1) Impairment of assets 2,063 Expenses related to legal contingencies 5 5 10 Adjusted EBITDA 190 973 1,049 7,541 Adjusted EBITDA margin 16% 44% 20% 60% * The table above may contain slight summation differences due to rounding. RECONCILIATION OF NET CASH GENERATED FROM OPERATING ACTIVITIES TO FREE CASH FLOW (U.S. dollars in millions) Three months ended Year ended 2023 2022 2023 2022 Net cash generated from operating activities 162 1,069 1,020 6,110 Capital expenditures, net (34) (21) (101) (314) Free cash flow 128 1,048 919 5,796 1 See Note 7 to the Company's Financial Statements for the year ended December 31, 2023 for additional information regarding the impairment analysis and results. 2 See disclosure regarding "Use of Non-IFRS Financial Measures." 3 The Company does not provide IFRS guidance because it cannot be determined without unreasonable effort. See disclosure regarding "Use of Non-IFRS Measures in the Company's 2024 Guidance." 4 The number of shares used to calculate the diluted loss per share is 120,266,569. The number of outstanding shares as of December 31, 2023 was 120,286,627. 5 On April 4, 2023, the Company distributed a dividend to shareholders of $6.40 per share or a total of approximately $769 million. Logo - https://mma.prnewswire.com/media/1933864/ZIM_Logo.jpg View original content:https://www.prnewswire.com/news-releases/zim-reports-financial-results-for-the-fourth-quarter-and-the-full-year-of-2023-302087953.html SOURCE Zim Integrated Shipping Services Ltd. View All News ZIM Reports Financial Results for the Fourth Quarter and the Full Year of 2023
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
[emailprotected]
The IGB Group
212-477-8438
[emailprotected]
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
[emailprotected]
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FAQs
ZIM Reports Financial Results for the Fourth Quarter and the Full Year of 2023? ›
Net cash generated from operating activities was $162 million for the fourth quarter of 2023, compared to $1,069 million for the fourth quarter of 2022. Total revenues were $5,162 million for the full year of 2023, compared to $12,562 million for the full year of 2022, driven primarily by the decrease in freight rates.
What is the next dividend amount for ZIM 2023? ›ZIM Financial Forecast
Next quarter's earnings estimate for ZIM is $0.29 with a range of -$1.71 to $1.20. The previous quarter's EPS was $0.75. ZIM beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 63.78% of the time in the same period.
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").
What is the ZIM stock prediction for tomorrow? ›The ZIM Integrated Shipping Services Ltd. stock forecast for tomorrow is $ 18.73, which would represent a -1.49% loss compared to the current price. In the next week, the price of ZIM is expected to decrease by -11.68% and hit $ 16.79.
Is Zim a good stock to buy? ›ZIM Integrated Shipping Services stock has received a consensus rating of hold. The average rating score is and is based on 6 buy ratings, 15 hold ratings, and 10 sell ratings.
What is next share dividend for 2023? ›Ex-Date | Amount | Payment Date |
---|---|---|
Dec 07, 2023 | 66.00p | Jan 03, 2024 |
Jul 06, 2023 | 140.00p | Aug 01, 2023 |
Dec 01, 2022 | 66.00p | Jan 03, 2023 |
Jul 07, 2022 | 127.00p | Aug 01, 2022 |
Per our dividend policy, we declared a dividend of $0.23 per share, or $28 million, representing 30% of quarterly net income."
Why is ZIM stock going up? ›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. The rally has continued through 2024, with Zim shares up more than 100% coming into Thursday's trading day.
What is the stock price prediction for ZIM in 2024? ›ZIM Stock Price Forecast 2024-2025
ZIM price started in 2024 at $9.87. Today, ZIM traded at $20.19, so the price increased by 105% from the beginning of the year. The forecasted ZIM price at the end of 2024 is $23.18 - and the year to year change +135%. The rise from today to year-end: +15%.
What is the target price for ZIM? ›
Based on short-term price targets offered by four analysts, the average price target for ZIM Integrated Shipping Services comes to $13.05. The forecasts range from a low of $9.20 to a high of $20.00. The average price target represents a decline of 35.27% from the last closing price of $20.16.
Is ZIM ASX a good buy? ›Zimplats Holdings Limited (ASX:ZIM) shareholders might be concerned after seeing the share price drop 22% in the last quarter. But in stark contrast, the returns over the last half decade have impressed. We think most investors would be happy with the 115% return, over that period.
Who owns ZIM stock? ›Largest shareholders include Ion Asset Management Ltd., Susquehanna International Group, Llp, Susquehanna International Group, Llp, Citadel Advisors Llc, Susquehanna International Group, Llp, Menora Mivtachim Holdings Ltd., BlackRock Inc., Citadel Advisors Llc, Morgan Stanley, and American Century Companies Inc .
What is the dividend schedule for Zim? ›Ex-Date | Amount | Frequency |
---|---|---|
Jun 04, 2024 | $0.23 | Annually |
Apr 04, 2023 | $6.40 | Quarterly |
Nov 28, 2022 | $2.95 | Semi Annually |
Aug 26, 2022 | $4.75 | Semi Annually |
The ex-dividend date or "ex-date" is usually one business day before the record date. Investors who purchase a stock on its ex-dividend date or after will not receive the next dividend payment. Instead, the seller gets the dividend. Investors only get dividends if they buy the stock before the ex-dividend date.
What are the 3 dividend dates? ›There are three important dates involved with the process of a company paying a dividend: the declaration date, the ex-dividend date, and the record date.
What is the stock price forecast for Zim in 2024? ›ZIM Stock Price Forecast 2024-2025
ZIM price started in 2024 at $9.87. Today, ZIM traded at $19.66, so the price increased by 99% from the beginning of the year. The forecasted ZIM price at the end of 2024 is $23.30 - and the year to year change +136%. The rise from today to year-end: +18%.