Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to Issue Quarterly Dividend of $0.69

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) declared a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Stockholders of record on Thursday, June 12th will be paid a dividend of 0.6855 per share by the semiconductor company on Thursday, July 10th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55.

Taiwan Semiconductor Manufacturing has increased its dividend by an average of 19.2% per year over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Taiwan Semiconductor Manufacturing to earn $10.96 per share next year, which means the company should continue to be able to cover its $2.78 annual dividend with an expected future payout ratio of 25.4%.

Taiwan Semiconductor Manufacturing Stock Down 2.3 %

Shares of TSM stock opened at $201.70 on Friday. The stock’s 50-day simple moving average is $205.29 and its 200-day simple moving average is $188.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market capitalization of $1.05 trillion, a PE ratio of 28.65, a P/E/G ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing has a fifty-two week low of $122.91 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities analysts expect that Taiwan Semiconductor Manufacturing will post 9.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.