SmarterDividends

MPWR vs TSM: Which Is the Better Dividend Stock?

As of September 2026, MPWR and TSM are closely matched. TSM offers the higher yield at 0.94%, MPWR has the higher dividend-safety score, and TSM trades at the larger discount to fair value (+9%).

MetricMPWRTSM
Forward yield0.66%0.94%
Annual dividend$8.00$4.07
Payout ratio43%26%
Years of growth8 yr2 yr
5-yr dividend growth25.6%12.8%
5-yr total return132%282%
Dividend safety score83 (A)68 (B)
Fair value estimate$580.20$472.56
Upside to fair value-52%+9%
Frequencyquarterlyquarterly
Market cap$59.8B$2.3T
P/E ratio74.132.5

Higher yield

TSM

0.94%

Safer dividend

MPWR

Grade A

Faster growth

MPWR

25.6%

Better value

TSM

+9% upside

MPWR vs TSM — FAQ

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