GRMN vs TSM: Which Is the Better Dividend Stock?
As of Oct 24, 2026, GRMN and TSM are closely matched. GRMN offers the higher yield at 1.43%, GRMN has the higher dividend-safety score, and TSM looks like the better value (its fair-value estimate is 4% below its share price).
Key facts: GRMN vs TSM
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, Garmin Ltd. (GRMN) has the higher forward dividend yield at 1.43%, versus 0.90% for Taiwan Semiconductor Manufacturing Company Limited (TSM).
- As of Oct 24, 2026, SmarterDividends grades GRMN's dividend safety A (84/100) and TSM's B (68/100).
- By SmarterDividends' count as of Oct 24, 2026, GRMN has raised its dividend for 8 consecutive years and TSM for 2.
- As of Oct 24, 2026, GRMN pays out 39% of its earnings as dividends and TSM pays out 24%.
- As of Oct 24, 2026, GRMN's fair-value estimate is 36% below its share price and TSM's fair-value estimate is 4% below its share price, so TSM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "GRMN vs TSM: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/grmn-vs-tsm
| Metric | GRMN | TSM |
|---|---|---|
| Forward yield | 1.43% | 0.90% |
| Annual dividend | $4.20 | $3.77 |
| Payout ratio | 39% | 24% |
| Years of growth | 8 yr | 2 yr |
| 5-yr dividend growth | 7.5% | 12.8% |
| 5-yr total return | 120% | 257% |
| Dividend safety score | 84 (A) | 68 (B) |
| Fair value estimate | $189.12 | $403.11 |
| Upside to fair value | -36% | -4% |
| Frequency | quarterly | quarterly |
| Market cap | $56.6B | $2.2T |
| P/E ratio | 30.3 | 27.1 |
Higher yield
GRMN
1.43%
Safer dividend
GRMN
Grade A
Faster growth
TSM
12.8%
Better value
TSM
-4% upside
GRMN vs TSM — FAQ
Is GRMN or TSM a better dividend stock?
GRMN and TSM are closely matched. GRMN has the higher yield; GRMN scores better on safety.
Which has a higher dividend yield, GRMN or TSM?
GRMN has the higher forward dividend yield at 1.43%, versus 0.90% for TSM.
Is GRMN or TSM safer?
GRMN has the higher dividend-safety score (84/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is GRMN or TSM better value right now?
As of Oct 24, 2026, TSM looks like the better value: its fair-value estimate is 4% below its share price (fairly valued). For GRMN, its fair-value estimate is 36% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.