Taiwan Semiconductor Manufacturing Company Limited (TSM) To Go Ex-Dividend on June 12th

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 1.35%. 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 payment by an average of 19.2% per year over the last three years. Taiwan Semiconductor Manufacturing has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 TSM opened at $203.77 on Friday. The business’s 50-day moving average is $205.24 and its 200-day moving average is $188.67. Taiwan Semiconductor Manufacturing has a fifty-two week low of $122.91 and a fifty-two week high of $226.40. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 0.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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 research analysts expect that Taiwan Semiconductor Manufacturing will post 9.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of research reports. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $220.00.

About Taiwan Semiconductor Manufacturing

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.