PAYX vs TSM: Which Is the Better Dividend Stock?
As of July 2026, PAYX and TSM are closely matched. PAYX offers the higher yield at 4.16%, PAYX has the higher dividend-safety score, and TSM trades at the larger discount to fair value (+18%).
| Metric | PAYX | TSM |
|---|---|---|
| Forward yield | 4.16% | 0.95% |
| Annual dividend | $4.76 | $3.79 |
| Payout ratio | 91% | 26% |
| Years of growth | 15 yr | 2 yr |
| 5-yr dividend growth | 11.2% | 12.8% |
| 5-yr total return | -0% | 235% |
| Dividend safety score | 82 (A) | 68 (B) |
| Fair value estimate | $100.28 | $471.14 |
| Upside to fair value | -12% | +18% |
| Frequency | quarterly | quarterly |
| Market cap | $41.0B | $2.1T |
| P/E ratio | 23.4 | 29.8 |
Higher yield
PAYX
4.16%
Safer dividend
PAYX
Grade A
Faster growth
TSM
12.8%
Better value
TSM
+18% upside
PAYX vs TSM — FAQ
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