SmarterDividends

MAWAF vs TSM: Which Is the Better Dividend Stock?

As of September 2026, MAWAF (Maruwa Co.,Ltd.) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. MAWAF offers the higher yield at 20.23%, TSM has the higher dividend-safety score, and TSM trades at the larger discount to fair value (+12%).

MetricMAWAFTSM
Forward yield20.23%0.95%
Annual dividend$102.00$4.08
Payout ratio7%26%
Years of growth1 yr2 yr
5-yr dividend growth12.8%
5-yr total return
Dividend safety score68 (B)
Fair value estimate$137.18$484.55
Upside to fair value-50%+12%
Frequencymonthlyquarterly
Market cap$3.4B$2.2T
P/E ratio30.231.6

Higher yield

MAWAF

20.23%

Safer dividend

TSM

Grade B

Faster growth

TSM

12.8%

Better value

TSM

+12% upside

MAWAF vs TSM — FAQ

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