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. Read our editorial policy to learn more about our process. The Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). By providing your email address below, you are providing consent to ZIM Integrated Shipping Services Ltd to send you the requested Investor Email Alert updates. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Generates Record Full Year Results:Net Income of $4.65 Billion, Adjusted EBITDA[1] of $6.60 billion, and Adjusted EBIT of $5.82 billion; Continues to Deliver Industry Leading Operating Margins, Declares $17.00 per Share Dividend; Annual 2021 Dividend Represents 50% of 2021 Net Income[2], Dividends Declared Since IPO Total $2.6 Billion or $21.50 per Share, Full Year 2022 Guidance of Adjusted EBITDA between $7.1 Billion and $7.5 Billion and Adjusted EBIT between $5.6 Billion and $6.0 Billion. 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. And it couldnt be more wrong! Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. 2023 Stock Analysis. For more information on the declaration, record and payment dates, visit the zim Dividend History page. Identify stocks that meet your criteria using seven unique stock screeners. What is ZIM Integrated Shipping Services's dividend payout ratio? Box 15067, Haifa 3190500, Israel, +972-4-865-2300 View which stocks are hot on social media with MarketBeat's trending stocks report. 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. The previous Zim Integrated Shipping Services Ltd dividend was 295c and it went ex 3 months ago and it was paid 3 months ago. To see all exchange delays and terms of use please see Barchart's disclaimer. Adding 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 . The current dividend yield for ZIM Integrated Shipping Services is 49.87%. Accordingly, ZIM will solely operate two out of the six joint Asia to USEC services (ZCP & ZSE) as well as three additional vessels on one of two joint Asia to USGC services (ZGX). Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. TTM. 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) . Could NVIDIA, Intel Become The Face of America's Semiconductors? 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. Here's how you could join them before it's too late What is ZIM Integrated Shipping Services's dividend yield? 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. Get information about ZIM Integrated Shipping Services dividends and ex-dividend dates. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. In 2021, we took important steps to best position ZIM for long term enduring growth and value creation for our shareholders. 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. 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. 3Earnings per share calculation for all periods reflect a share split of 1:10 that became effective in 2021. Dividend history information is presently unavailable for this company. (844) 978-6257. 2022-06-08: $2.85-83.24%: 2022-03-22: 2022-04-04: $17.00: 2021-12-15: 2021-12-27: $2.50: 2021-08-24: 2021-09-15: $2.00: Special dividend: Top . Shareholders who purchased ZIM prior to the ex-dividend date are eligible for the cash dividend payment. How we use your information depends on the product and service that you use and your relationship with us. The payable date was Dec. 7, 2022, for shareholders of record on Nov. 29, 2022. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Box 15067, Haifa 3190500, Israel, +972-4-865-2300 The payable date was Dec. 7, 2022, for shareholders of record on Nov. 29, 2022. We are excited to carry the exceptional momentum of 2021 forward into 2022, and well beyond. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. See rankings and related performance below. By creating a free account, you agree to our, Want Monthly Income? 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. P.O. What is ZIM Integrated Shipping Services's dividend payout ratio? 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. 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. This compares to 39% and 32% for the fourth quarter of 2020. 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) increased by $3.24 billion from $572 million as of December 31, 2020 to $3.81 billion at December 31, 2021. 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. 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 next dividend for ZIM is projected to be 2.95. Price/Earnings Ratio is a widely used stock evaluation measure. The firm paid a $7.61 dividend on June 1, 2017, with an ex-dividend date of June 2, 2017. This presents value for investors. 0 yrs. 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. Learn more on ZIM's annual dividend history. This includes $2.50/share dividend declared in November 2021. If you wish to go to ZacksTrade, click OK. Copy and paste multiple symbols separated by spaces. : 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. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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). Free cash flow is a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth, Want Monthly Income? * indicates the important links in the menu, After-Market: Get daily stock ideas from top-performing Wall Street analysts. Will Q4 Results Send Zoom Video Stock Higher? The transfer of the amounts withheld, excluding the amounts returned to the Shareholders, as aforementioned, shall be conducted by the Agent. Importantly, we made sizable investments in equipment to facilitate the movement of cargoes for customers, as well as meaningfully expanded our operating fleet capacity and launched 17 new lines since June 2020, resulting in ZIM's year-over-year carried volume tripling the global volume growth rate. ZIM Integrated Shipping Services (ZIM) Quote Overview, ZIM Integrated Shipping Services (ZIM) Dividend History. After submitting your request, you will receive an activation email to the requested email address. 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. 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. He has published four books by esteemed publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press. We also ended the year with a net positive cash position and strong financial flexibility. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. ZIM Integrated Shipping Services Ltd. (ZIM) will begin trading ex-dividend on December 15, 2021. Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, BREAKING: Tiny biotech successfully treats blindness, The One Ticker Retirement Plan Over the Shoulder Demo Now Available. All rights reserved. ZIM competes with other shippers like Diana Shipping Inc. (NYSE: DSX) and Genco Shipping & Trading Ltd. (NYSE: GNK). Add Zim Integrated Shipping Services Ltd to receive free notifications when they declare their dividends. [email protected]. Zim Integrated Shipping Services Ltd is an Israel-based company. Get short term trading ideas from the MarketBeat Idea Engine. Operating income (EBIT) for the fourth quarter of 2021 was $2.12 billion, compared to $439 million for the fourth quarter of 2020. Is Target Stock Aiming For A Breakout In 2023? Payment of the Dividend is expected to be made on December 27, 2021 (the "Payment Date"). There are typically 4 dividends per year (excluding specials). Dividend policy: the Company intends to distribute a dividend to shareholders on a quarterly basis at a rate of approximately 20% of the net income derived during such fiscal quarter with respect to the first three fiscal quarters of the year, while the cumulative annual dividend amount to be distributed by the Company (including the interim dividends paid during the first three fiscal quarters of the year) will total 30-50% of the annual net income. ago by Reasoned-Listener Next ex-dividend date Maybe it's not announced yet, but when is the next ex-dividend date? 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. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! 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. Terms of Service apply. 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 dividend yield is calculated by dividing the annual dividend payment by the prevailing share price, The table below shows the full dividend history for Zim Integrated Shipping Services Ltd. The weekly stochastic mini pup helped ZIM retest the cup lip line by the end of January 2023, as it peaked at $23.45 and reversed back down to $20.20. Want to know last day to get shares to enjoy March dividend. Stock Price and Dividend Data for Ord/ZIM Integrated Shipping Services Ltd (ZIM), including dividend dates, dividend yield, company news, and key financial metrics. Revenues grew 2..92% year-over-year (YoY) to $3.23 billion, beating consensus analyst estimates by $21.86 million. 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) 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. Disclaimer Will Q4 Results Send Zoom Video Stock Higher? Real-time analyst ratings, insider transactions, earnings data, and more. A Shareholder who did not declare that it, he or she is a resident of a Treaty State and is the beneficial owner of the Dividend, may apply to the Agent during the Change of Rate Period only (subject to complying with all the documentation requirements detailed below) requesting the receipt of the monetary difference between the tax amount remitted to the Agent (at a rate of 25%) and the amount represented by the withholding tax rate applicable to such dividend payment under the ITO or by the limited withholding tax rate applicable to such dividend payment under the ITO, to the extent applicable. (844) 978-6257. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. It is emphasized that the description below does not purport to exhaust all the terms and conditions included in the Ruling and is not a complete translation of the Ruling. The fourth quarter of 2020, we took important steps to best ZIM. 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