HPQ vs TSM: Which Is the Better Dividend Stock?
As of September 2026, TSM (Taiwan Semiconductor Manufacturing Company Limited) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. HPQ offers the higher yield at 3.67%, HPQ has the higher dividend-safety score, and TSM trades at the larger discount to fair value (+11%).
| Metric | HPQ | TSM |
|---|---|---|
| Forward yield | 3.67% | 0.95% |
| Annual dividend | $1.20 | $4.08 |
| Payout ratio | 45% | 26% |
| Years of growth | 15 yr | 2 yr |
| 5-yr dividend growth | 10.1% | 12.8% |
| 5-yr total return | 30% | — |
| Dividend safety score | 98 (A) | 68 (B) |
| Fair value estimate | $22.04 | $475.38 |
| Upside to fair value | -32% | +11% |
| Frequency | quarterly | quarterly |
| Market cap | $32.0B | $2.2T |
| P/E ratio | 12.5 | 31.6 |
Higher yield
HPQ
3.67%
Safer dividend
HPQ
Grade A
Faster growth
TSM
12.8%
Better value
TSM
+11% upside
HPQ vs TSM — FAQ
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