Replies to post #71 on ZIM Integrated Shipping Services Ltd (ZIM)

[staynafloat]

Don't understand the cut dividend ? The dividend is $6.40 with a ex-dividend date of April 4th.

In accordance with the Company's dividend policy, ZIM's Board of Directors declared a cash dividend of approximately $769 million, or $6.40 per ordinary share. Together with prior dividend distributions made on account of 2022, dividend distributions for the year totaled approximately 44% of the year's net income. The dividend will be paid on April 3, 2023, to holders of ZIM ordinary shares as of March 24, 2023. Since the foregoing declared dividend amount per share constitutes more than 25% of the Company's ordinary share price on the declaration date (March 13, 2023), per the instructions of the NYSE, the ex-dividend date with respect to this dividend distribution will be April 4, 2023. Shareholders who wish to receive the dividend must hold their ZIM shares until the ex-dividend date.

https://investors.zim.com/news/news-details/2023/ZIM-Reports-Financial-Results-for-the-Fourth-Quarter-and-Full-Year-of-2022/default.aspx

[Scotttrader80]

SPOT ON POST, everything has happened as described


ROFL where are all of the "experianced" board gurus now?

[TucsonPhil]

Recessions are always bad for the shipping companies. Consumer spending is taking a hit, because nobody wants to carry that doodad with a 20%+ interest rate on their credit card. Powell is doing his best to force a depression. We will not see 2% inflation rates again, despite the FEDs efforts. Once the interest-jacking cycle ends, consumer's pent up lust for buying will snap back with a vengeance and we will see a huge spike in everything supply-chain related.

Zim is embracing technology and financing like no other shipper, so I see them as a front-runner in the space, so buy them at these sale prices and laugh when it is back at $100/share.