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High dividends is an actual option?

Hi guys, I was today intruduced to $ZIM (-2.09%) with very high dividend payout and yield.

My question is... whats the catch here? 20-50% yield per year sounds too great ,

BUT

People are not buying it -> Price doesnt go up -> This leads to my question again, whats the catch here? why does everyone think this is a "fair" price and the yield is "fair"?

Are people chasing the big profit bursts of 100%+ valuation instead of stable income?

What are your though on dividends and also what other options with high dividends are there

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