ZIM turnaround occurring?

Had written off ZIM after a fairly rough Q4 2023 - they lost over $1B in that qtr.

Well, two weeks ago, ZIM reported a profitable Q1 2024 … and a dividend to boot.

https://seekingalpha.com/news/4108674-zim-integrated-shipping-services-ltd-declares-missing-dividend

Shares are already trading ex-div. ZIM is taking a hit today after an analyst downgrade.

2 Likes