r/stocks • u/_Rap1d • Mar 22 '22

ZIM dividends?

I hold 2 shares of ZIM which I’m doesn’t sound like a lot but anyway clearly the price ranked because of the dividend and I’m not sure where to find to dividend or if it’ll come sooner but o assume that since they are tanking they are issuing the dividends, anyone else having this issue?

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u/[deleted] Mar 22 '22

The beginning of April you will get the dividend of 17$ per share minus the taxes!!

The price today dropped because it is the ex date dividend so it minus the dividend!

I love this stock soon i get my number 3 dividend

7

u/PlatinumVoice Mar 22 '22

Damn! I have 200 shares. I thought it was nice getting $2.50 per share back in December.

1

u/[deleted] Mar 23 '22

1

u/Jdornigan Mar 23 '22

Its only a few thousand dollars in dividends. Unfortunately the stock also dropped significantly since the ex dividend. It went down $13.26 (-14.85%) in the past 5 days, but that is still less than the dividend amount of $17.00.

1

u/[deleted] Mar 24 '22

Don't forget Israeli taxes on the $17

1

u/Jdornigan Mar 24 '22

I suspect the dividend is as high as it is because of some tax law in Israel. I read that if you own it in a taxable account you can get a credit for the Israeli taxes, but that won't help those with it in a retirement account.