ZIM Integrated Shipping: The Dividend Might Return In 2024 (Upgrade) [Seeking Alpha]
ZIM Integrated Shipping Services Ltd. Ordinary Shares (ZIM)
Company Research
Source: Seeking Alpha
The increase in prices is favorable for the company and suggests a potential dividend comeback in 2024. ZIM's stock has bottomed out and is selling at discounts to cash and book value, indicating a potential return to profitability. Shipping company ZIM Integrated Shipping Services Ltd. ( NYSE: ZIM has experienced a new bout of volatility at the beginning of 2024 as global ocean freight rates surged in the wake of attacks in the Red Sea. Though freight rates have corrected a bit to the downside lately, I think that the increase in prices is obviously very favorable for ZIM Integrated Shipping, and particularly as far as a dividend comeback in 2024 is concerned. The stock also appears to have bottomed out in late 2023, suggesting that investors are dealing with a much improved risk/reward relationship. ZIM is selling for sizable discounts to cash and book value and profit estimates now imply a return to profitability in 2024. My Rating History The market modeled a substa
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ZIM
News
- Want Better Returns? Don't Ignore These 2 Transportation Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Could Be 43% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- ZIM Integrated Shipping Services (ZIM) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- ZIM Integrated Shipping Services (ZIM) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Next Wave of AI Growth is Here and ZutaCore is Expanding with New Offices in Taiwan, India, and a Bolstered Executive Management Team with New CFO, EVP of Global Sales, VP Of AI and Sustainability, and India Country Manager [Yahoo! Finance]Yahoo! Finance
ZIM
Earnings
- 3/13/24 - Beat
ZIM
Sec Filings
- 3/13/24 - Form 20-F
- 3/13/24 - Form 6-K
- ZIM's page on the SEC website