BHE vs TSM: Which Is the Better Dividend Stock?
As of Oct 18, 2026, TSM (Taiwan Semiconductor Manufacturing Company Limited) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. BHE offers the higher yield at 0.96%, BHE has the higher dividend-safety score, and TSM looks like the better value (its fair-value estimate is 2% below its share price).
Key facts: BHE vs TSM
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Benchmark Electronics, Inc. (BHE) has the higher forward dividend yield at 0.96%, versus 0.91% for Taiwan Semiconductor Manufacturing Company Limited (TSM).
- As of Oct 18, 2026, SmarterDividends grades BHE's dividend safety A (86/100) and TSM's B (68/100).
- By SmarterDividends' count as of Oct 18, 2026, BHE has raised its dividend for 2 consecutive years and TSM for 2.
- As of Oct 18, 2026, BHE pays out 47% of its earnings as dividends and TSM pays out 24%.
- As of Oct 18, 2026, BHE's fair-value estimate is 40% below its share price and TSM's fair-value estimate is 2% below its share price, so TSM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BHE vs TSM: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/bhe-vs-tsm
| Metric | BHE | TSM |
|---|---|---|
| Forward yield | 0.96% | 0.91% |
| Annual dividend | $0.68 | $3.77 |
| Payout ratio | 47% | 24% |
| Years of growth | 2 yr | 2 yr |
| 5-yr dividend growth | 1.2% | 12.8% |
| 5-yr total return | 199% | 252% |
| Dividend safety score | 86 (A) | 68 (B) |
| Fair value estimate | $42.55 | $403.11 |
| Upside to fair value | -40% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $2.5B | $2.1T |
| P/E ratio | 48.4 | 26.7 |
Higher yield
BHE
0.96%
Safer dividend
BHE
Grade A
Faster growth
TSM
12.8%
Better value
TSM
-2% upside
BHE vs TSM — FAQ
Is BHE or TSM a better dividend stock?
On the data, TSM wins more head-to-head categories (5 vs 2). BHE offers the higher yield (0.96%), while BHE has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, BHE or TSM?
BHE has the higher forward dividend yield at 0.96%, versus 0.91% for TSM.
Is BHE or TSM safer?
BHE has the higher dividend-safety score (86/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is BHE or TSM better value right now?
As of Oct 18, 2026, TSM looks like the better value: its fair-value estimate is 2% below its share price (fairly valued). For BHE, its fair-value estimate is 40% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.