Taiwan Semiconductor Manufacturing Company Ltd. (TSM) to Issue Quarterly Dividend of $0.83 on January 8th

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) announced a quarterly dividend on Tuesday, August 12th. Stockholders of record on Thursday, December 11th will be paid a dividend of 0.8348 per share by the semiconductor company on Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 11th. This is a 28.5% increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65.

Taiwan Semiconductor Manufacturing has raised its dividend by an average of 0.0%annually over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Research 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 $2.51 annual dividend with an expected future payout ratio of 22.8%.

Taiwan Semiconductor Manufacturing Stock Down 0.3%

Taiwan Semiconductor Manufacturing stock traded down $1.00 during midday trading on Tuesday, hitting $300.87. 1,801,921 shares of the company were exchanged, compared to its average volume of 14,216,379. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The company’s fifty day moving average price is $292.40 and its 200-day moving average price is $254.13. The company has a market cap of $1.56 trillion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. Taiwan Semiconductor Manufacturing has a fifty-two week low of $134.25 and a fifty-two week high of $311.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.33. The business had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The business’s revenue was up 40.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. On average, research analysts predict that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Powers Advisory Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $240,000. Hudson Edge Investment Partners Inc. increased its stake in Taiwan Semiconductor Manufacturing by 10.1% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 236,503 shares of the semiconductor company’s stock valued at $53,566,000 after purchasing an additional 21,648 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Taiwan Semiconductor Manufacturing by 452.2% in the 1st quarter. Quantbot Technologies LP now owns 47,425 shares of the semiconductor company’s stock worth $7,873,000 after acquiring an additional 38,837 shares during the last quarter. RFG Holdings Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 66.1% in the second quarter. RFG Holdings Inc. now owns 3,898 shares of the semiconductor company’s stock worth $883,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Duquesne Family Office LLC raised its position in Taiwan Semiconductor Manufacturing by 456.9% in the 1st quarter. Duquesne Family Office LLC now owns 598,780 shares of the semiconductor company’s stock valued at $99,397,000 after buying an additional 491,265 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.