BMI vs TSM: Which Is the Better Dividend Stock?
As of Oct 18, 2026, BMI and TSM are closely matched. BMI offers the higher yield at 1.39%, BMI 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: BMI vs TSM
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Badger Meter, Inc. (BMI) has the higher forward dividend yield at 1.39%, versus 0.91% for Taiwan Semiconductor Manufacturing Company Limited (TSM).
- As of Oct 18, 2026, SmarterDividends grades BMI's dividend safety A (88/100) and TSM's B (68/100).
- By SmarterDividends' count as of Oct 18, 2026, BMI has raised its dividend for 21 consecutive years and TSM for 2.
- As of Oct 18, 2026, BMI pays out 37% of its earnings as dividends and TSM pays out 24%.
- As of Oct 18, 2026, BMI's fair-value estimate is 16% 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, "BMI vs TSM: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/bmi-vs-tsm
| Metric | BMI | TSM |
|---|---|---|
| Forward yield | 1.39% | 0.91% |
| Annual dividend | $1.76 | $3.77 |
| Payout ratio | 37% | 24% |
| Years of growth | 21 yr | 2 yr |
| 5-yr dividend growth | 16.2% | 12.8% |
| 5-yr total return | 24% | 252% |
| Dividend safety score | 88 (A) | 68 (B) |
| Fair value estimate | $106.83 | $403.11 |
| Upside to fair value | -16% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $3.7B | $2.1T |
| P/E ratio | 29.6 | 26.7 |
Higher yield
BMI
1.39%
Safer dividend
BMI
Grade A
Faster growth
BMI
16.2%
Better value
TSM
-2% upside
BMI vs TSM — FAQ
Is BMI or TSM a better dividend stock?
BMI and TSM are closely matched. BMI has the higher yield; BMI scores better on safety.
Which has a higher dividend yield, BMI or TSM?
BMI has the higher forward dividend yield at 1.39%, versus 0.91% for TSM.
Is BMI or TSM safer?
BMI has the higher dividend-safety score (88/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is BMI 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 BMI, its fair-value estimate is 16% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.