Loading ...Zim
A couple of points…..the yield is distorted by two huge quarterly dividends, that came out in the last year , which were jacked massively by Covid panics on shipping rates, that allowed ZIM to earn huge money. The normal quarterly dividend is @ 2 to 3 bucks …one was for 4.75, the other 17 bucks….take those away and u get a yearly yield of @ 30/50 % here, plus there is a 25 % witholding tax to pay.
I reckon the stock overshot to the downside massively and is still well below…it could double or more and then the Divi is way down again…..but here it is a massive give away….. the stock itself is Israeli royalty, it was shipping all sorts of stuff into Israel as it was formed and after, from 1948…..