ZIM Integrated Shipping Services Ltd. has been a topic of discussion on Reddit forums, particularly due to its recent Q3 earnings release in November, which exceeded expectations. The company raised its 2024 full-year guidance to $300 million and is anticipated to issue a substantial dividend of $3.65 per share on December 9. This dividend, representing 16.5% on the last trading day before the ex-dividend date, has been a focal point for investors. Reddit users have noted the stock's price movement, which surged to $30 post-earnings before settling in the $19 range, attributing the drop to its status as a dividend stock.
Redditors on r/wallstreetbets have expressed mixed sentiments about ZIM's future prospects. One user highlighted the company's addition of 42 new ships over the past three years, with four more expected by the end of 2024, suggesting potential revenue growth if external factors remain stable. Another user commented on the high shipping rates due to Red Sea issues, questioning the impact once these are resolved. Despite some skepticism about the stock's forward guidance, others remain optimistic, with one user stating, "ZIM and other shippers are going to have a killer Q4 because manufacturers are desperate to get goods onshore before tariffs hit."
As of December 5, 2024, ZIM's stock is trading at $19.80, reflecting a 1.28% increase from the previous close.