Taiwan Semiconductor Manufacturing Company Ltd. (TSM) to Issue Quarterly Dividend of $1.37 on April 8th

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) declared a quarterly dividend on Tuesday, November 10th. Stockholders of record on Thursday, March 11th will be given a dividend of $1.3663 per share by the semiconductor company on Thursday, April 8th. This represents a $5.47 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 11th. This is a 25.9% increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854.

Taiwan Semiconductor Manufacturing has increased its dividend by an average of 0.1% annually over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Taiwan Semiconductor Manufacturing to earn $23.03 per share next year, which means the company should continue to be able to cover its $3.43 annual dividend with an expected future payout ratio of 14.9%.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $412.74 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The business has a 50-day moving average of $430.67 and a 200-day moving average of $401.82. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.56, a PEG ratio of 0.79 and a beta of 1.44. Taiwan Semiconductor Manufacturing has a fifty-two week low of $266.82 and a fifty-two week high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.15. The business had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. Taiwan Semiconductor Manufacturing’s revenue was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.92 earnings per share. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing will post 17.46 earnings per share for the current fiscal year.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a semiconductor foundry that manufactures chips designed by other companies. It provides wafer fabrication and related services, including advanced packaging, serving customers across industries such as computing, communications, automotive and consumer electronics. Founded in 1987 and headquartered in Hsinchu, Taiwan, TSMC helped establish the dedicated foundry model, in which a manufacturer focuses on producing semiconductors for customers rather than selling its own chip designs.