ZIM Integrated Shipping Services Ltd. (ZIM) is experiencing a notable increase in its stock price today, primarily driven by the dividend ex-date, which is set for December 2, 2024. The anticipation of dividend payouts often leads to increased buying activity as investors seek to secure their eligibility for the dividend, thereby driving up the stock price. This is a common occurrence in the market, as investors aim to benefit from the dividend distribution.
ZIM's stock is currently trading at $20.38, reflecting a 10.80% increase from its previous close of $18.39. The stock opened at $19.45 and has seen a 4.76% rise from the opening price.