Ex-Dividend Alert: Taiwan Semiconductor Manufacturing Raised its Dividend by 14.3%; Will Trade Ex-Dividend on June 25, 2018
LONDON, UK / ACCESSWIRE / June 22, 2018 / Active-Investors has a free review on Taiwan Semiconductor Manufacturing Co. Ltd (NYSE: TSM) ("TSMC") following the Company's announcement that it will begin trading ex-dividend on June 25, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on June 22, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on TSM:
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Dividend Declared
On June 05, 2018, TSMC's shareholders approved the distribution of a NT$8 (US$1.34 per ADR) cash dividend per common share for the year 2017. The Company's dividend is higher by 14.3% on a y-o-y local currency basis. TSMC's ADR dividend would be payable on July 19, 2018, to shareholders on record as of June 26, 2018. The Company noted that the ADR dividend is based on estimated exchange rate of 29.82 NT dollars to 1 US dollar on the announcement date. The actual exchange rate remained to be determined upon the payment.
TSMS's indicated dividend represents a yield of 2.83%, which is more than double compared to the average dividend yield of 1.06% for the Technology sector. The Company has raised its dividend for three years in a row.
Dividend Insights
TSMC has a dividend payout ratio of 45.2%, which means that the Company spends approximately $0.45 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
As per analysts' estimates, TSMC's is forecasted to report earnings of $2.62 per share for the next year, which is substantially higher than the Company's annualized dividend payout.
As of March 31, 2018, TSMC's cash and cash equivalents totaled NT$577.78 billion (US$19.86 billion) compared to NT$553.39 billion as on December 31, 2017. For the three months ended March 31, 2018, the Company's cash provided by operating activities was NT$99.94 billion (US$3.41 billion) compared to NT$97.82 billion for the year-ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for TSMC
On June 08, 2018, TSMC announced its net revenues for May 2018. On a consolidated basis, the Company's revenues for May 2018 were approximately NT$80.97 billion, reflecting an increase of 11.2% from May 2017 revenue of NT$72.80 billion. TSMC's revenues for January through May 2018 totaled NT$410.92 billion, reflecting an increase of 13.0% compared to NT$363.58 billion in the year-ago corresponding period.
About Taiwan Semiconductor Manufacturing Co. Ltd
Taiwan Semiconductor Manufacturing, 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.
TSMC was founded in 1987 and is headquartered in HsinChu, Taiwan.
Stock Performance Snapshot
June 21, 2018 - At Thursday's closing bell, Taiwan Semiconductor Manufacturing's stock fell 1.90%, ending the trading session at $37.62.
Volume traded for the day: 7.38 million shares.
Stock performance in the past twelve-month period – up 2.48%
After yesterday's close, Taiwan Semiconductor Manufacturing's market cap was at $193.38 billion.
Price to Earnings (P/E) ratio was at 16.82.
The stock has a dividend yield of 3.08%.
The stock is part of the Technology sector, categorized under the Semiconductor - Integrated Circuits industry.
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