Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to Issue Dividend Increase – $0.69 Per Share

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) declared a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders 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 a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55.

Taiwan Semiconductor Manufacturing has raised its dividend by an average of 19.2% annually over the last three years. Taiwan Semiconductor Manufacturing has a payout ratio of 25.6% meaning 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 Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded down $4.68 during trading hours on Thursday, reaching $201.70. The stock had a trading volume of 15,491,810 shares, compared to its average volume of 17,539,338. The stock’s 50 day moving average is $205.29 and its 200 day moving average is $188.58. The firm has a market capitalization of $1.05 trillion, a PE ratio of 28.65, a PEG ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing has a twelve month low of $122.91 and a twelve month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.