On November 20, 2024, ZIM Integrated Shipping Ltd. announced a cash dividend for Q3 2024 of approximately $340 million, or $2.81 per ordinary share. Additionally, ZIM declared a special dividend of approximately $100 million, or $0.84 per share, both payable on December 9, 2024.
Kenon Holdings Ltd. expects to receive $47 million, net of tax, from this dividend distribution, significantly boosting its stand-alone cash reserves. This inflow supports Kenon's capital allocation strategies and ongoing investments.
ZIM reported robust Q3 2024 financial results, with revenues increasing by approximately 117% to $2.8 billion compared to $1.3 billion in Q3 2023. The company also achieved a net profit of $1.1 billion, a substantial turnaround from a net loss in the prior year period.
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