How To Earn $500 A Month From ZIM Integrated Shipping Stock
Portfolio Pulse from AJ Fabino
Jefferies Financial Group has maintained a Hold rating for ZIM Integrated Shipping Services Ltd (NYSE:ZIM) but lowered its price target from $16 to $13. Despite the shares trading around $12.30, the new price target implies a 5.69% upside. The article highlights ZIM's 137.14% dividend yield and calculates that an investor would need to own about $4,374.52 worth of ZIM, or 354 shares, to yield $500 per month in dividends.
June 28, 2023 | 4:26 pm
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NEUTRAL IMPACT
ZIM's stock may see short-term fluctuations due to the lowered price target by Jefferies. However, the high dividend yield could attract investors seeking regular income.
The lowered price target by Jefferies could lead to short-term price fluctuations. However, the high dividend yield of 137.14% is attractive for investors seeking regular income, which could support the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100