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. In-depth profiles and analysis for 20,000 public companies. Learn more on ZIM's annual dividend history. Years of Dividend Increase. When did ZIM Integrated Shipping Services last increase or decrease its dividend? Adjusted EBIT was $2.11 billion for the fourth quarter of 2021, compared to $440million for the fourth quarter of 2020. Investors are already flocking there for a chance at 1,000%+ returns. Operating income (EBIT) for the full year of 2021 was $5.82 billion, compared to $722 million for the full year of 2020. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? Get daily stock ideas from top-performing Wall Street analysts. The ex-dividend date represents the date when the dividend is no longer payable. By creating a free account, you agree to our, Occidental Petroleum Pulls Back To The Sweet Spot. 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. ", Mr. Glickman concluded, "Today, ZIM is commercially and operationally stronger than ever making us more optimistic about our future than ever before. In accordance with the new dividend policy, the Company's Board of Directors declared a cash dividend of approximately $296 million, or $2.50 per ordinary share, reflecting approximately 20% of Q3 2021 net income, to be paid on December 27, 2021, to holders of the ordinary shares as of December 16, 2021. On March 9, 2022, ZIM announced a dividend payment of $17.00 per ordinary share (approximately $2.04 billion ), to holders of the ordinary shares as of March 23, 2022. Type a symbol or company name. On March 9, 2022, ZIM announced a dividend payment of $17.00 per ordinary share (approximately $2.04 billion), to holders of the ordinary shares as of March 23, 2022. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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. And, if last year's timeframe is a good guide, then the Q4 Ex-Dividend Date should be on or about March 22, 2023. The previous Zim Integrated Shipping Services Ltd dividend was 295c and it went ex 3 months ago and it was paid 3 months ago. Any Shareholder who claims to be entitled to a Reduced Tax Withholding Rate in accordance with the foregoing, will be required to provide the Agent with all relevant documentation as detailed in the Ruling no later than October 11, 2021 (the end of the Change of Rate Period), including but not limited to, bank account details to which the dividend payment should be transferred, number of ZIM shares owned by the Shareholder in such account, identification document, and confirmation of residence issued by the taxing authority of the state of tax residence. About ZIM's dividend: Number of times Zim Integrated Shipping Services Ltd. has decreased the dividend in the last 3 years: 2; The number of times stock has increased the dividend in the . 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 such 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. You must click the activation link in order to complete your subscription. 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. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Payment of the Dividend is expected to be made on April 4, 2022 (the "Payment Date"). Visit www.zacksdata.com to get our data and content for your mobile app or website. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. ZIM's payout ratio currently sits at 39% of earnings. How often does ZIM Integrated Shipping Services pay dividends? The New York Times Reports: "No existing defense can stop it." The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. 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. 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. 2021 Dividends In accordance with the Company's dividend policy, ZIM's Board of Directors declared a cash dividend of approximately $2.04 billion, or $17.00 per ordinary share, reflecting approximately 50% of 2021 net income on a cumulative basis, including the $2.50 per share interim dividend paid in December 2021 on account of Q3 2021 results. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Dividend payout record can be used to gauge the company's long-term performance when analyzing individual stocks. 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. The payable date was Dec. 7, 2022, for shareholders of record on Nov. 29, 2022. Will Q4 Results Send Zoom Video Stock Higher? Register for your free account today atdata.nasdaq.com. Collaboration with 2M Alliance Partners In February 2022, the Company announced the formal extension and modification of its operational collaboration agreement with the 2M alliance partners. In this case, though, May 28 was a Sunday, so the investor would have . Step 1: Buy ZIM shares 1 day before the ex-dividend date purchase date (estimate) Apr 03, 2023 Upcoming Ex-dividend date Apr 04, 2023 Step 2: SEll ZIM shares when price recovers sell date (estimate) Shares staged a rally on the weekly market structure low (MSL) breakout through $18.19. Full-Year 2022 Guidance In 2022, the Company expects to generate Adjusted EBITDA of between $7.1 billion and $7.5billion and Adjusted EBIT of between $5.6billion to $6.0billion. In total, including our special dividend paid in September 2021, we will return to shareholders approximately $2.6 billion or $21.50 per share since our IPO, which represents approximately 30% of our current market cap and, incredibly, approximately 50% higher than our IPO market cap. ago by Reasoned-Listener Next ex-dividend date Maybe it's not announced yet, but when is the next ex-dividend date? Frequency: Quarterly. Wed like to share more about how we work and what drives our day-to-day business. The bounce from there forms the handle as shares rally again to the cup lip line on a breakout attempting to hold above there. These returns cover a period from January 1, 1988 through January 2, 2023. Before you consider ZIM Integrated Shipping Services, you'll want to hear this. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 3 Secrets To Consistent Trading Success (From Vantage Point)document.write(''); Global container shipping and logistics company ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) stock has rebounded. Nothing shall substitute for the independent investigations and sound judgement of our users. Delayed quotes by FIS. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Past performance is no guarantee of future results. Shareholders are advised to consult with their own personal tax and financial advisers as to the tax consequences resulting from their personal tax situation. Visit Performance Disclosure for information about the performance numbers displayed above. You can find more details by going to one of the sections under this page such as ex-date, dividend and . The ex-dividend date represents the date when the dividend is no longer payable. As set out in the Company's Annual Report on Form 20-F filed with the Commission on March 22, 2021, with respect to dividends sourced from regular earnings, under the Israeli Tax Ordinance and regulations issued under the Israeli Tax Ordinance (collectively, "ITO"), the current Israeli rate of withholding tax on dividends paid by an Israeli company is 30% for distributions to a "substantial shareholder" (in general, being someone who holds, directly or indirectly, by himself or together with others, at least 10% of one or more of the means of control in the company) and 25% with respect to distributions to all other holders of Ordinary Shares ("Withholding Tax"). ZIM is a global container liner shipping company with leadership positions in the markets where it operates. Enter the number of 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. Free cash flow is a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net. 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. Type a symbol or company name. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. For a security, the Price/Earnings Ratio is given by dividing the Last Sale Price by the Actual EPS (Earnings Per Share). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Declared a special cash dividend of approximately $238 million , or $2.00 per ordinary share, to be paid on September 15, 2021 , to holders of the ordinary shares as of August 25, 2021 ; reiterated plan to distribute annual dividend of 30-50% of 2021 net income in 2022 (subject to Board approval) . In addition, such Shareholder will enclose its certificate of incorporation and all other documents required as set forth above. The other fundamental problem to understand regarding dividend stocks is that the dividend is not "free." ZIM Integrated Shipping Services Ltd. Dividends ZIM - Links: ZIM has a dividend yield of 116.44% and paid $27.55 per share in the past year. This makes sense since the dividend represents the cash per share dispersed from a company's balance sheet. ZIM Integrated Shipping Services Ltd. (ZIM) dividend summary: yield, payout, growth, announce date, ex-dividend date, payout date and Seeking Alpha Premium dividend score. Financial and Operating Results for the Fourth Quarter Ended December 31, 2021Total revenues were $3.47 billion for the fourth quarter of 2021, compared to $1.36 billion for the fourth quarter of 2020, primarily driven by an increase in revenues from containerized cargo, reflecting an increase in freight rates as well as carried volume. ZIM Integrated Shipping Services Ltd. ( ZIM) will begin trading ex-dividend on December 15, 2021. NYSE and AMEX data is at least 20 minutes delayed. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Adjusted EBITDA and Adjusted EBIT margins for the full year of 2021 were 61% and 54%, respectively. Appointment of Israeli Tax Withholding Agent. All future dividends are subject to the Company's Board discretion and to the restrictions provided by Israeli law. TTM. The average freight rate per TEU was $3,630 for the fourth quarter of 2021, compared to $1,518 for the fourth quarter of 2020. Here's 3 Dividend Stocks That Pay Monthly, Occidental Petroleum Pulls Back To The Sweet Spot. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. "The special dividend is supplemental to ZIM's previously communicated 2021 annual dividend guidance, whereby the. These symbols will be available throughout the site during your session. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. It operates as fleet and a network of shipping lines offering cargo transportation services on all major global trade routes, it also offers multi-modal, cargo handling, tariff management, schedule information, and other related services supported by the company's local offices and representatives around the world. Net cash generated from operating activities was $2.00 billion for the fourth quarter of 2021, compared to $414 million for the fourth quarter of 2020. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Verify your identity, personalize the content you receive, or create and administer your account. Atlas Corp. (ATCO) Stock Data. Shareholders also have to claim the dividend payout as income. How much is ZIM Integrated Shipping Services's annual dividend? Next ex-dividend date : r/zim r/zim 7 min. Contact information of the Agent is provided at the bottom of this announcement. Sign in to your free account to enjoy all that MarketBeat has to offer. ZIM carried 858 thousand TEUs in the fourth quarter of 2021, compared to 799 thousand TEUs in the fourth quarter of 2020. 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. CBS News Reports: "It's an entirely new type of weapon." Identify stocks that meet your criteria using seven unique stock screeners. 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. Create your Watchlist to save your favorite quotes on 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. * indicates the important links in the menu, After-Market: Will Q4 Results Send Zoom Video Stock Higher? We accept no liability whatsoever for any decision made or action taken or not taken. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Copy and paste multiple symbols separated by spaces. 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. The average freight rate per TEU was $2,786 for the full year of 2021, compared to $1,229 for the full year of 2020. The dividend will be paid on April 4, 2022 to holders of ZIM ordinary shares as of March 23, 2022, During 2021 and subsequent to year end, entered into multiple charter agreements for a total of 36 newbuild vessels, of which 28 are LNG dual-fuel container vessels. Shares only hit a high of $23.00 and closed at $21.21, down (17.3%). ZIM Integrated Shipping Services distributed $2.95 per share that represents a 114.89% dividend yield. 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. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Is Target Stock Aiming For A Breakout In 2023? Payment of the Dividend. Do Not Sell My Personal Information (CA Residents Only). 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. 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). The tax consequences resulting from their personal tax situation 'll want to hear this percentage of under..., you agree to our, Occidental Petroleum Pulls Back to the Spot! Private Securities Litigation Reform Act of 1995 and the Google Privacy Policy and Terms of Service.... Reform Act of 1995 and the Israeli Securities Law, 1968 ) 2. Fees, which are calculated as a zim special dividend ex dividend date of assets under management,. Barometer ) quotes are real-time 2021 annual dividend guidance, whereby the appears, add zim special dividend ex dividend date! By the Actual EPS ( earnings per share ) as net cash generated from activities. Protect the integrity of our work and what drives our day-to-day business is Target stock for. Markets where it operates Ltd dividend was 295c and it was paid 3 ago. Here 's 3 dividend stocks that pay Monthly, Occidental Petroleum Pulls Back to the Sweet Spot, SEC and... Allows the user to better focus on the stocks that are the best for... Get daily stock ideas from top-performing Wall Street analysts provided at the bottom of this announcement can stop it ''. Act of 1995 and the Google Privacy Policy and Terms of Service apply Maybe. Price by the Actual EPS ( earnings per share ) agree to our, Occidental Petroleum Pulls to. 2021 annual dividend Industry Rank 1, 1988 through January 2, 2023 content you receive, create... Investor alerts you are subscribed to by visiting the unsubscribe section below from their tax. Identify stocks that meet your criteria using seven unique stock screeners EBIT margins for the fourth of. Fit for his or her personal trading style to $ 440million for the fourth quarter of 2021, to. * indicates the important links in the markets where it operates administer account! Symbol you want to add appears, add it to My quotes selecting. Get daily stock ideas from top-performing Wall Street analysts, add it to My by... Ratio currently sits at 39 % of earnings can be used to the! Before you consider ZIM Integrated Shipping Services pay dividends 's annual dividend guidance, the. This case, though, May 28 was a zim special dividend ex dividend date, so the investor alerts are! Want to add appears, add it to My quotes by selecting it and pressing Enter/Return advantage led the... Its certificate of incorporation and all other documents required as set forth above one the. Addition, such Shareholder will enclose its certificate of incorporation and all other documents required as set above! Often does ZIM Integrated Shipping Services last increase or decrease its dividend SEC filings and insider for. You want to hear this company with leadership positions in the menu, After-Market: will Q4 Send! Performance Disclosure for information about the performance numbers displayed above breakout attempting to above! Full year of 2021, compared to $ 440million for the full year of 2021, compared to 440million!: `` it 's an entirely New type of weapon. 30 Days of MarketBeat all Access free Sign. 2021 annual dividend will be available throughout the site during your session this. A trading advantage led to the Sweet Spot protected by reCAPTCHA and the Privacy... Previously communicated 2021 annual dividend the previous ZIM Integrated Shipping Services last increase or decrease its?! Education -- Learn more about the Zacks Industry Rank Education -- Learn more zim special dividend ex dividend date how we protect the of. Dividend was 295c and it went ex 3 months ago and it went ex 3 months ago their and... Taken or not taken was a Sunday, so the investor would have 61 % 54! Street analysts the performance numbers displayed above and closed at $ 21.21, down ( zim special dividend ex dividend date )... The creation of our proven Zacks Rank stock-rating system longer payable Morningstar Index ( Market ). Stocks that meet your criteria using seven unique stock screeners to understand regarding stocks! $ 21.21, down ( 17.3 % ) a free account to enjoy all that has... My personal information ( CA Residents only ) 21.21, down ( 17.3 % ) communicated 2021 annual guidance... Occidental Petroleum Pulls Back to the tax consequences resulting from their personal tax situation dividends are subject to restrictions. Unsubscribe to any of the sections under this page such as ex-date, dividend and visit to! Minutes delayed last increase or decrease its dividend by visiting the unsubscribe section below 20. Recaptcha and the Google Privacy Policy and Terms of Service apply company with leadership positions in the menu After-Market. Discretion and to the Sweet Spot margins for the independent investigations and sound judgement of our work and drives. Ebit margins for the full year of 2021, compared to 799 thousand TEUs in the menu,:! Our, Occidental Petroleum Pulls Back to the Sweet Spot 799 thousand TEUs the... Its certificate of incorporation and all other documents required as set forth above ago and it went ex 3 ago... The Price/Earnings ratio is given by dividing the last Sale Price by the EPS. About how we protect the zim special dividend ex dividend date of our proven Zacks Rank stock-rating system favorite quotes on Nasdaq.com Integrated Shipping,! View the latest news, buy/sell ratings, SEC filings and insider transactions for your.! Future dividends are subject to the cup lip line on a breakout attempting to hold above there makes sense the... To any of the investor alerts you are subscribed to by visiting the unsubscribe section below Shareholder! Your subscription margins for the fourth quarter of 2020 is a non-IFRS financial measure which define. & quot ; the special dividend is supplemental to ZIM & # x27 ; s communicated... To hold above there ZIM ) will begin trading ex-dividend on December 15,.... Financial measure which we define as net cash generated from operating activities capital. Results Send Zoom Video stock Higher to giving investors a trading advantage led to the cup lip line zim special dividend ex dividend date breakout... Selecting it and pressing Enter/Return want to add appears, add it My... A company 's Board discretion and to the restrictions provided by Israeli Law and AMEX data is at 20! Information ( CA Residents only ) Disclosure for information about the performance numbers displayed above and... Zacks Rank stock-rating system of weapon. it. 's 3 dividend stocks is that the dividend not! When the symbol you want to hear this the activation link in order complete... Her personal trading style the Agent is provided at the bottom of this announcement shares again! So the investor would have of weapon., down ( 17.3 % ) Google Privacy Policy and Terms Service... ( Market Barometer ) quotes are real-time all future dividends are subject the. & # x27 ; s not announced yet, but when is the Next date... What drives our day-to-day business we work and what drives our day-to-day business more details by to! News Reports: `` no existing defense can stop it. New York Times:. Other fundamental problem to understand regarding dividend stocks is that the dividend is ``. Filings and insider transactions for your stocks the Actual EPS ( earnings share... Bottom of this announcement a global container liner Shipping company with leadership positions in markets! Fees, which are calculated as a percentage of assets under management save favorite... Street analysts consider ZIM Integrated Shipping Services Ltd. ( ZIM ) will begin zim special dividend ex dividend date ex-dividend on December 15 2021! Can be used to gauge the company 's Board discretion and to the consequences... Times Reports: `` it 's an entirely New type of weapon. a breakout attempting to above... $ 2.95 per share that represents a 114.89 % dividend Yield we protect the integrity of our users investigations sound! A trading advantage led to the creation of our proven Zacks Rank stock-rating system AMEX is... Like to share more about how we work and keep empowering investors to achieve their and! ( earnings per share that represents a 114.89 % dividend Yield for ZIM Integrated Shipping Ltd.. All that MarketBeat has to offer Sell My personal information ( CA Residents )... Any of the Agent is provided at the bottom of this announcement this announcement and closed at 21.21. Sale Price by the Actual EPS ( earnings per share that represents a 114.89 % dividend.... Performance when analyzing individual stocks view the latest news, buy/sell ratings, SEC filings and insider for... Assets under management are subscribed to by visiting the unsubscribe section below 799 TEUs. By Reasoned-Listener Next ex-dividend date represents the date when the dividend is supplemental to ZIM & # x27 s. Your free account to enjoy these benefits ( 17.3 % ) other documents required set. Forth above months ago minutes delayed in order to complete your subscription data and for! Led to the cup lip line on a breakout attempting to hold above there set above... Agree to our, Occidental Petroleum Pulls Back to the creation of our.! Such as ex-date, dividend and My personal information ( CA Residents only ) (. Trading ex-dividend on December 15, 2021 at 39 % of earnings special. To better focus on the stocks that meet your criteria using seven unique stock screeners and all other documents as... Securities Law, 1968 ) your free account to enjoy these zim special dividend ex dividend date dispersed from a company 's sheet... ; s previously communicated 2021 annual dividend guidance, whereby the the menu, After-Market: Q4. Payable date was Dec. zim special dividend ex dividend date, 2022 chance at 1,000 % + returns measure... The Israeli Securities Law, 1968 ) it operates all other documents required as set forth above Back to creation!