Farmer @ Johnsongrass, TX said:
M4 Benelli said:
Philip J Fry said:
Looks to me that ZIM run has stalled and is retreating back to 75 or so. Sold my shares for +12% profit and waiting it out for the time being.
Still holding, I'm not going to pass up that sweet divy. If it retracts back to mid 60s its going to get bought up by booty loving piranhas. Seen it time and time again from the past divs. Will be adding on more during that dip. This supply chain crisis is here to stay remainder of the year, despite the MSM sweeping it under the rug.
Speaking of Holding, still latched onto CROX like an incel on a Twitch thot's stream. Cost Basis is at 86, rode it down to 67. Twas tempted to bail as my port is looking pretty stellar atm from swinging my Vinnie K, and I dont trust next week.
Focusing on what I bolded above. Agree, a sweet dividend at $17; however, after some minimal researching I can only find it paying $2.50/share per quarter for the two previous quarters.
I didn't find confirmation that $17 per Quarter is the 2022 established Annual dividend of $68, did you? That annual dividend confirmation would determine how long I would hold this security
Farmer, this is from investors.zim.com. I don't think it's 17.00 per quarter.
"Dividend policy: the Company intends to distribute a dividend to shareholders on a quarterly basis at a rate of approximately 20% of the net income derived during such fiscal quarter with respect to the first three fiscal quarters of the year, while the cumulative annual dividend amount to be distributed by the Company (including the interim dividends paid during the first three fiscal quarters of the year) will total 30-50% of the annual net income."
What my feeble mind gets from this is that the first 3 quarter's divy will be 20% of that quarter's income and the final special annual divy will be bumped upto make it 30-50% of annual income. This year the bump was a one time $17.00.
https://investors.zim.com/news/news-details/2022/ZIM-Reports-Record-Financial-Results-for-the-Fourth-Quarter-and-Full-Year-2021/default.aspx