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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Tuesday, March 18th will be paid 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 1.18%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49.

Taiwan Semiconductor Manufacturing has increased its dividend payment by an average of 2.1% per year over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 27.3% indicating that 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 Price Performance

TSM stock traded down $5.11 during trading hours on Wednesday, hitting $186.66. 13,739,782 shares of the stock traded hands, compared to its average volume of 15,473,856. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing has a one year low of $95.25 and a one year high of $212.60. The company has a market cap of $968.10 billion, a P/E ratio of 29.96, a P/E/G ratio of 0.91 and a beta of 1.12. The stock has a 50-day simple moving average of $184.19 and a 200 day simple moving average of $171.37.

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

Wall Street Analysts Forecast Growth

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