03-23-2023, 05:42 AM
(03-22-2023, 10:32 AM)Mr1share Wrote: And ZIM is a risky investment anyway especially in a rate sensitive environment. 16.90 % yield. That's telling you to stay away
Just to be clear, ZIM doesn't have a guaranteed yield, and I don't know where you got the 16.90% figure from. It merely pays a percentage of its profit to shareholders. No profit, no dividend. And yes, shipping rates fluctuate, but the core business model is sound, so sometimes it is feast and sometimes it is famine with respect to the dividend. We are coming out of a feast period and entering a famine period, relatively speaking.