AMAT vs TSM: Which Is the Better Dividend Stock?
As of September 2026, AMAT and TSM are closely matched. TSM offers the higher yield at 0.94%, AMAT has the higher dividend-safety score, and TSM trades at the larger discount to fair value (+9%).
| Metric | AMAT | TSM |
|---|---|---|
| Forward yield | 0.48% | 0.94% |
| Annual dividend | $2.12 | $4.07 |
| Payout ratio | 16% | 26% |
| Years of growth | 8 yr | 2 yr |
| 5-yr dividend growth | 15.4% | 12.8% |
| 5-yr total return | 225% | 282% |
| Dividend safety score | 96 (A) | 68 (B) |
| Fair value estimate | $267.88 | $472.56 |
| Upside to fair value | -40% | +9% |
| Frequency | quarterly | quarterly |
| Market cap | $352.8B | $2.3T |
| P/E ratio | 38.3 | 32.5 |
Higher yield
TSM
0.94%
Safer dividend
AMAT
Grade A
Faster growth
AMAT
15.4%
Better value
TSM
+9% upside
AMAT vs TSM — FAQ
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