MLAB vs TSM: Which Is the Better Dividend Stock?
As of Oct 18, 2026, TSM (Taiwan Semiconductor Manufacturing Company Limited) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. TSM offers the higher yield at 0.91%, MLAB has the higher dividend-safety score, and MLAB looks like the better value (its fair-value estimate is 28% above its share price).
Key facts: MLAB vs TSM
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Taiwan Semiconductor Manufacturing Company Limited (TSM) has the higher forward dividend yield at 0.91%, versus 0.52% for Mesa Laboratories, Inc. (MLAB).
- As of Oct 18, 2026, SmarterDividends grades MLAB's dividend safety A (90/100) and TSM's B (68/100).
- By SmarterDividends' count as of Oct 18, 2026, MLAB has raised its dividend for 0 consecutive years and TSM for 2.
- As of Oct 18, 2026, MLAB pays out 75% of its earnings as dividends and TSM pays out 24%.
- As of Oct 18, 2026, MLAB's fair-value estimate is 28% above its share price and TSM's fair-value estimate is 2% below its share price, so MLAB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MLAB vs TSM: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/mlab-vs-tsm
| Metric | MLAB | TSM |
|---|---|---|
| Forward yield | 0.52% | 0.91% |
| Annual dividend | $0.64 | $3.77 |
| Payout ratio | 75% | 24% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 0.0% | 12.8% |
| 5-yr total return | -60% | 252% |
| Dividend safety score | 90 (A) | 68 (B) |
| Fair value estimate | $157.16 | $403.11 |
| Upside to fair value | +28% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $685.4M | $2.1T |
| P/E ratio | 144.1 | 26.7 |
Higher yield
TSM
0.91%
Safer dividend
MLAB
Grade A
Faster growth
TSM
12.8%
Better value
MLAB
+28% upside
MLAB vs TSM — FAQ
Is MLAB or TSM a better dividend stock?
On the data, TSM wins more head-to-head categories (6 vs 2). TSM offers the higher yield (0.91%), while MLAB has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MLAB or TSM?
TSM has the higher forward dividend yield at 0.91%, versus 0.52% for MLAB.
Is MLAB or TSM safer?
MLAB has the higher dividend-safety score (90/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is MLAB or TSM better value right now?
As of Oct 18, 2026, MLAB looks like the better value: its fair-value estimate is 28% above its share price (undervalued). For TSM, its fair-value estimate is 2% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.