SmarterDividends

MCHPP 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 3 of 4 head-to-head metrics. MCHPP offers the higher yield at 6.06%, TSM has the higher dividend-safety score, and TSM trades at the larger discount to fair value (+11%).

MetricMCHPPTSM
Forward yield6.06%0.95%
Annual dividend$3.75$4.08
Payout ratio26%
Years of growth0 yr2 yr
5-yr dividend growth12.8%
5-yr total return
Dividend safety score68 (B)
Fair value estimate$43.03$475.38
Upside to fair value-33%+11%
Frequencyquarterlyquarterly
Market cap$2.2T
P/E ratio31.6

Higher yield

MCHPP

6.06%

Safer dividend

TSM

Grade B

Faster growth

TSM

12.8%

Better value

TSM

+11% upside

MCHPP vs TSM — FAQ

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