Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Raises Dividend to $1.37 Per Share

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) declared a quarterly dividend on Tuesday, November 10th. Investors 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 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 payment by an average of 0.1% annually over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Taiwan Semiconductor Manufacturing to earn $23.02 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

TSM stock traded up $14.91 during midday trading on Wednesday, reaching $411.39. The company had a trading volume of 5,719,387 shares, compared to its average volume of 13,201,304. Taiwan Semiconductor Manufacturing has a 1-year low of $266.82 and a 1-year high of $487.47. The stock has a 50 day moving average price of $430.71 and a 200-day moving average price of $401.43. 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 company has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

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

Taiwan Semiconductor Manufacturing Company Profile

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.