ZIM Integrated Shipping Services Ltd. (ZIM) to Issue Quarterly Dividend of $0.23 on June 11th

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) declared a quarterly dividend on Tuesday, May 21st, Wall Street Journal reports. Investors of record on Tuesday, June 4th will be given a dividend of 0.23 per share on Tuesday, June 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Tuesday, June 4th.

ZIM Integrated Shipping Services Stock Performance

NYSE:ZIM opened at $19.01 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.02 and a quick ratio of 0.95. ZIM Integrated Shipping Services has a fifty-two week low of $6.39 and a fifty-two week high of $19.80. The company has a 50 day simple moving average of $12.49 and a two-hundred day simple moving average of $11.32.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.33) by $0.10. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 13.96%. On average, analysts forecast that ZIM Integrated Shipping Services will post 1.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ZIM. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Finally, Bank of America reduced their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.51.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.