Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Declares Quarterly Dividend of $0.33
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.
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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