5 Dividend Stocks with Over 10% Yield

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1. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Dividend Yield as of June 24: 22%

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is an Israeli integrated cargo shipping company that specializes in the transportation of oil and finished goods. On June 17, the stock rose 6% as JPMorgan raised its price target on the stock to $53.30, with a Neutral rating on the shares.

As of Q1 2022, 32 hedge funds tracked by Insider Monkey reported owning stakes in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), valued at over $1 billion. In the previous quarter, 33 funds held positions in the company, with stakes valued at $784 million. Jim Simons’ Renaissance Technologies was the company’s leading shareholder in Q1, owning over 4 million shares, worth $295.3 million.

In Q1 2022, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reported an EPS of $14.19, which beat estimates by $1.38. The company’s revenue for the quarter stood at $3.7 billion, showing a 113.8% year-over-year growth and also surpassing consensus by $230 million. In addition to this, its operating income of $2.24 billion reported a 228% growth from the same period last year.

On May 18, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) announced a quarterly payout of $2.85 per share, which represented 20% of the company’s quarterly net income.

You can also take a look at  12 Best Bear Market Stocks to Buy Now and  Top Stock Picks of Michael Burry.

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