NVEC 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 5 of 7 head-to-head metrics. NVEC offers the higher yield at 4.10%, NVEC has the higher dividend-safety score, and TSM trades at the larger discount to fair value (+11%).
| Metric | NVEC | TSM |
|---|---|---|
| Forward yield | 4.10% | 0.95% |
| Annual dividend | $4.00 | $4.08 |
| Payout ratio | 108% | 26% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 0.0% | 12.8% |
| 5-yr total return | 57% | — |
| Dividend safety score | 76 (B) | 68 (B) |
| Fair value estimate | $70.12 | $475.38 |
| Upside to fair value | -30% | +11% |
| Frequency | quarterly | quarterly |
| Market cap | $486.2M | $2.2T |
| P/E ratio | 26.2 | 31.6 |
Higher yield
NVEC
4.10%
Safer dividend
NVEC
Grade B
Faster growth
TSM
12.8%
Better value
TSM
+11% upside
NVEC vs TSM — FAQ
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