Taiwan Semiconductor Manufacturing Company Ltd. (TSM) to Issue Quarterly Dividend of $0.95 on July 9th

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) announced a quarterly dividend on Tuesday, February 10th. Investors of record on Thursday, June 11th will be given a dividend of 0.9503 per share by the semiconductor company on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 11th.

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 28.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Taiwan Semiconductor Manufacturing to earn $11.03 per share next year, which means the company should continue to be able to cover its $3.05 annual dividend with an expected future payout ratio of 27.7%.

Taiwan Semiconductor Manufacturing Trading Up 3.4%

Shares of TSM opened at $374.25 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 35.14, a PEG ratio of 1.01 and a beta of 1.31. The stock has a fifty day moving average price of $318.83 and a two-hundred day moving average price of $287.00. Taiwan Semiconductor Manufacturing has a 52-week low of $134.25 and a 52-week high of $379.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 36.18% and a net margin of 45.13%.The company had revenue of $32.50 billion for the quarter. Analysts predict that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current fiscal year.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.