ZIM would not normally be a topic for this board. Therefore, this post may be promptly removed. Nevertheless, there is a recent development with this company which makes it interesting to me and possibly other members as well.
While dividends are at best considered incidental to investments discussed on this board (NVDA pays a nominal dividend), ZIM is an Isreali shipping company, currently yielding ~7.5% dividend, not great, but not bad. Be aware, Isreal will shave 25% off dividends paid to foreign investors. There is a provision of the US tax code called the FTC (Foreign Tax Credit). FTC allows you to credit taxes paid to foreign government dollar for dollar against your US tax bill so long as the foreign tax was paid from a taxable acount. In other words, if the foreign tax is paid from a tax deferred or tax exempt account you will not be eligible for the credit. Important caveat, I am not a CPA or tax attorney, not even an expert. This is just my understading of how the FTC works. If you buy stock in this company do your own DD.
Moving on. The dividend is not the primary reason for my interest in ZIM. The stock closed at $26 and change of Friday. There is a buyout offer on the table from Hapag Lloyd at $35. There is a backup offer from Maersk at $31. There are a number of ways to play this. The most direct is to just buy the stock. If the deal closes at $35, that’s close to 25% upside on the transaction. The Isreali tax only applies to dividends, not capital gains on the sale of stock. Another, more lucrative way you might consider this is with options: simple calls, vertical bull spread or bull collar. I am not a well versed in sophisticated options trades. Again, DD is required - this is FYI, not investment advice.
To get more info, read the linked SA article (read the comments as well): https://seekingalpha.com/article/4890011-zims-35-buyout-why-market-is-wrong-to-doubt-hapag-lloyds-winning-bid-rating-upgrade?