HPQ vs TSM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, TSM (Taiwan Semiconductor Manufacturing Company Limited) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HPQ offers the higher yield at 3.52%, HPQ has the higher dividend-safety score, and TSM looks like the better value (its fair-value estimate is 5% below its share price).
Key facts: HPQ vs TSM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, HP Inc. (HPQ) has the higher forward dividend yield at 3.52%, versus 0.89% for Taiwan Semiconductor Manufacturing Company Limited (TSM).
- As of Oct 27, 2026, SmarterDividends grades HPQ's dividend safety A (98/100) and TSM's B (68/100).
- By SmarterDividends' count as of Oct 27, 2026, HPQ has raised its dividend for 15 consecutive years and TSM for 2.
- As of Oct 27, 2026, HPQ pays out 45% of its earnings as dividends and TSM pays out 24%.
- As of Oct 27, 2026, HPQ's fair-value estimate is 32% below its share price and TSM's fair-value estimate is 5% below its share price, so TSM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HPQ vs TSM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/hpq-vs-tsm
| Metric | HPQ | TSM |
|---|---|---|
| Forward yield | 3.52% | 0.89% |
| Annual dividend | $1.20 | $3.77 |
| Payout ratio | 45% | 24% |
| Years of growth | 15 yr | 2 yr |
| 5-yr dividend growth | 10.1% | 12.8% |
| 5-yr total return | -5% | 257% |
| Dividend safety score | 98 (A) | 68 (B) |
| Fair value estimate | $23.27 | $403.11 |
| Upside to fair value | -32% | -5% |
| Frequency | quarterly | quarterly |
| Market cap | $30.7B | $2.2T |
| P/E ratio | 13.0 | 27.5 |
Higher yield
HPQ
3.52%
Safer dividend
HPQ
Grade A
Faster growth
TSM
12.8%
Better value
TSM
-5% upside
HPQ vs TSM — FAQ
Is HPQ or TSM a better dividend stock?
On the data, TSM wins more head-to-head categories (5 vs 3). HPQ offers the higher yield (3.52%), while HPQ has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HPQ or TSM?
HPQ has the higher forward dividend yield at 3.52%, versus 0.89% for TSM.
Is HPQ or TSM safer?
HPQ has the higher dividend-safety score (98/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is HPQ or TSM better value right now?
As of Oct 27, 2026, TSM looks like the better value: its fair-value estimate is 5% below its share price (fairly valued). For HPQ, its fair-value estimate is 32% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.