LRCX vs TSM: Which Is the Better Dividend Stock?
As of September 2026, LRCX (Lam Research Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. TSM offers the higher yield at 0.94%, LRCX has the higher dividend-safety score, and TSM trades at the larger discount to fair value (+9%).
| Metric | LRCX | TSM |
|---|---|---|
| Forward yield | 0.46% | 0.94% |
| Annual dividend | $1.32 | $4.07 |
| Payout ratio | 18% | 26% |
| Years of growth | 11 yr | 2 yr |
| 5-yr dividend growth | 14.9% | 12.8% |
| 5-yr total return | 411% | 282% |
| Dividend safety score | 88 (A) | 68 (B) |
| Fair value estimate | $203.28 | $472.56 |
| Upside to fair value | -29% | +9% |
| Frequency | quarterly | quarterly |
| Market cap | $360.5B | $2.3T |
| P/E ratio | 50.0 | 32.5 |
Higher yield
TSM
0.94%
Safer dividend
LRCX
Grade A
Faster growth
LRCX
14.9%
Better value
TSM
+9% upside
LRCX vs TSM — FAQ
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