Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) announced a quarterly dividend on Friday, May 15th, Wall Street Journal reports. Stockholders of record on Friday, September 18th will be paid a dividend of 0.3304 per share by the semiconductor company on Thursday, October 15th. This represents a $1.32 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, September 17th.

Taiwan Semiconductor Mfg. has increased its dividend payment by 116.1% over the last three years. Taiwan Semiconductor Mfg. has a payout ratio of 54.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Taiwan Semiconductor Mfg. to earn $3.35 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 50.7%.

TSM stock opened at $85.85 on Wednesday. The stock has a market capitalization of $445.22 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.28 and a beta of 0.94. The firm has a 50-day simple moving average of $79.54 and a 200-day simple moving average of $60.55. The company has a quick ratio of 1.26, a current ratio of 1.40 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Mfg. has a 52 week low of $42.70 and a 52 week high of $86.79.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, July 16th. The semiconductor company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Taiwan Semiconductor Mfg. had a net margin of 36.96% and a return on equity of 27.42%. The business had revenue of $310.70 billion during the quarter, compared to analysts’ expectations of $273.44 billion. During the same quarter in the previous year, the company earned $2.57 earnings per share. The company’s quarterly revenue was up 28.9% on a year-over-year basis. On average, analysts expect that Taiwan Semiconductor Mfg. will post 3.13 earnings per share for the current year.

Several brokerages recently issued reports on TSM. Susquehanna Bancshares reaffirmed a “sell” rating and set a $40.00 price objective on shares of Taiwan Semiconductor Mfg. in a research note on Friday, July 10th. Macquarie upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a report on Friday, July 24th. Credit Suisse Group upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a report on Monday, July 27th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Taiwan Semiconductor Mfg. in a report on Monday, July 27th. Finally, New Street Research assumed coverage on shares of Taiwan Semiconductor Mfg. in a report on Friday, August 28th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.33.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Dividend History for Taiwan Semiconductor Mfg. (NYSE:TSM)

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