Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) declared an annual dividend on Thursday, June 14th, Wall Street Journal reports. Shareholders of record on Tuesday, June 26th will be given a dividend of 1.3454 per share by the semiconductor company on Thursday, July 19th. This represents a yield of 3.49%. The ex-dividend date is Monday, June 25th. This is a boost from Taiwan Semiconductor Mfg.’s previous annual dividend of $0.93.
Taiwan Semiconductor Mfg. has raised its dividend payment by an average of 32.1% per year over the last three years and has raised its dividend every year for the last 3 years. Taiwan Semiconductor Mfg. has a dividend payout ratio of 42.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Taiwan Semiconductor Mfg. to earn $2.59 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 35.5%.
Taiwan Semiconductor Mfg. traded down $0.45, reaching $38.60, during trading on Thursday, according to Marketbeat.com. 7,636,002 shares of the company’s stock were exchanged, compared to its average volume of 7,522,419. Taiwan Semiconductor Mfg. has a 1 year low of $34.31 and a 1 year high of $46.57. The company has a current ratio of 2.71, a quick ratio of 2.47 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $201.01 billion, a PE ratio of 17.84, a P/E/G ratio of 1.10 and a beta of 0.91.
Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 19th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Taiwan Semiconductor Mfg. had a return on equity of 23.36% and a net margin of 34.83%. The business had revenue of $248.08 billion for the quarter, compared to analysts’ expectations of $250.89 billion. During the same period in the prior year, the business posted $3.38 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. analysts predict that Taiwan Semiconductor Mfg. will post 2.35 EPS for the current fiscal year.
A number of equities analysts have issued reports on TSM shares. ValuEngine lowered shares of Taiwan Semiconductor Mfg. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 19th. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, March 22nd. Finally, Credit Suisse Group raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Taiwan Semiconductor Mfg. has an average rating of “Hold” and an average target price of $46.00.
About Taiwan Semiconductor Mfg.
Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan. It manufactures masks and electronic parts; sells solar related products; wholesales and retails electronic materials; and researches, develops, and tests RFID systems.
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