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ZIM - Danaos Corporation: ZIM Dividend And Excellent Charters Create Blowout Quarter
May, 19 2022 05:55 PM
ZIM Integrated Shipping Services Ltd.
Danaos had a fantastic first quarter, buoyed by a $110 million dividend from ZIM. The company showed excellent charters and operating revenue. With this income, Danaos is further reducing its debt to become the shipping lessor with the best balance sheet. Though many would like higher dividends and buybacks, management's prudence should pay off in the long term, and shares remain cheap. For further details see:
Danaos Corporation: ZIM Dividend And Excellent Charters Create Blowout Quarter
Stock Information
Company Name:
ZIM Integrated Shipping Services Ltd.
Stock Symbol:
ZIM
Market:
NYSE
Website:
zim.com
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