Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to Issue Quarterly Dividend of $0.55

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.5484 per share by the semiconductor company on Thursday, April 10th. This represents a $2.19 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49.

Taiwan Semiconductor Manufacturing has raised its dividend by an average of 2.1% annually over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Taiwan Semiconductor Manufacturing to earn $8.63 per share next year, which means the company should continue to be able to cover its $2.47 annual dividend with an expected future payout ratio of 28.6%.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $188.56 on Friday. The company has a 50 day simple moving average of $184.70 and a two-hundred day simple moving average of $171.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $977.95 billion, a P/E ratio of 30.22, a PEG ratio of 0.89 and a beta of 1.12. Taiwan Semiconductor Manufacturing has a 1-year low of $95.25 and a 1-year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Equities analysts forecast that Taiwan Semiconductor Manufacturing will post 6.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TSM shares. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

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.