Taiwan Semiconductor Manufacturing Company Limited
TSMTechnology · Semiconductors · Stock · quarterly payer
Forward Yield
0.91%
Annual Dividend
$3.77
Payout Ratio
24%
5-Yr Growth
12.8%
Ex-Date
Dec 10, 2026
Frequency
Quarterly
Key facts about TSM's dividend
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Taiwan Semiconductor Manufacturing Company Limited (TSM) has a forward dividend yield of 0.91%, based on an annual dividend of $3.77 per share and a share price of $412.61.
- As of Oct 19, 2026, TSM's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Taiwan Semiconductor Manufacturing Company Limited (TSM) has raised its dividend for 2 consecutive years as of Oct 19, 2026.
- TSM last cut its regular dividend in 2022.
- TSM's next ex-dividend date is Dec 10, 2026, with payment on Jan 7, 2027. Shares must be owned before that date to receive the dividend.
- As of Oct 19, 2026, TSM pays out 24% of its trailing 12-month earnings as dividends (its payout ratio).
- TSM's dividend has grown at an average rate of 12.8% a year over the past five years.
- As of Oct 19, 2026, TSM's 0.91% yield is 46% below its five-year average yield of 1.69%.
- As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for TSM is $403.11 per share, 2% below the $412.61 share price, so TSM screens as fairly valued.
- Taiwan Semiconductor Manufacturing Company Limited (TSM) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "TSM Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/TSM
Summary
As of Oct 19, 2026, Taiwan Semiconductor Manufacturing Company Limited (TSM) yields 0.91% ($3.77 a year per share), has a dividend safety grade of B (68/100) and has 2 consecutive years of dividend increases on record.
Is TSM a good dividend stock?
Yes, with caveatsTaiwan Semiconductor Manufacturing Company Limited (TSM) pays a quarterly dividend yielding 0.91% ($3.77/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (24%)
- Strong 12.8% 5-yr dividend growth
- 252% total price return over 5 years
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 0.91%
- Payout Ratio
- 24%
- Annual Dividend
- $3.77
- 5-Yr Avg Growth
- 12.8%
- Ex-Dividend Date
- Dec 10, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.24
- Market Cap
- $2.1T
- P/E Ratio
- 26.7
- 5-Yr Total Return
- 252%
- 52-Week Range
- $266.82 – $487.47
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2022)
TSM dividend changes
Taiwan Semiconductor Manufacturing Company Limited (TSM) pays a variable dividend: across the 45 payments on record since 2004, 28 were higher than the one before and 7 lower. The latest change was up 15.9% to $1.11 per share, going ex-dividend on Sep 16, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 16, 2026 | Higher | $0.955 → $1.11 | +15.9% |
| Mar 17, 2026 | Higher | $0.835 → $0.956 | +14.5% |
| Dec 11, 2025 | Higher | $0.822 → $0.835 | +1.6% |
| Sep 16, 2025 | Higher | $0.780 → $0.822 | +5.4% |
| Jun 12, 2025 | Higher | $0.684 → $0.780 | +14.0% |
| Mar 18, 2025 | Higher | $0.616 → $0.684 | +11.0% |
| Dec 12, 2024 | Lower | $0.626 → $0.616 | −1.6% |
| Sep 12, 2024 | Higher | $0.544 → $0.626 | +15.1% |
| Jun 13, 2024 | Lower | $0.554 → $0.544 | −1.8% |
| Mar 18, 2024 | Higher | $0.479 → $0.554 | +15.7% |
| Dec 14, 2023 | Higher | $0.471 → $0.479 | +1.7% |
| Sep 14, 2023 | Higher | $0.448 → $0.471 | +5.1% |
Frequently Asked Questions
Is TSM a good dividend stock?
Yes, with caveats. Taiwan Semiconductor Manufacturing Company Limited (TSM) pays a quarterly dividend yielding 0.91% ($3.77/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is TSM undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TSM's fair value is about $403.11 versus a $412.61 share price — so it looks fairly valued (-2% vs. fair value).
Is TSM's dividend safe?
TSM has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2022, debt and yield-versus-history.
What is TSM's fair value?
Our blended fair-value estimate for TSM is about $403.11 per share, about 2% below the current $412.61 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is TSM a buy, hold, or sell?
We don't issue formal ratings, but on the data TSM screens as "yes, with caveats" and fairly valued. Taiwan Semiconductor Manufacturing Company Limited (TSM) pays a quarterly dividend yielding 0.91% ($3.77/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will TSM cut its dividend?
TSM earns a dividend-safety grade of B (68/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does TSM pay a dividend?
Yes. Taiwan Semiconductor Manufacturing Company Limited pays a quarterly dividend of about $3.77 per share annually, a forward yield of roughly 0.91%.
What is TSM's dividend yield?
As of Oct 19, 2026, TSM's forward dividend yield is 0.91%, based on a $3.77 annual dividend and a $412.61 share price.
What is TSM's dividend per share?
As of Oct 19, 2026, TSM pays $3.77 per share per year, distributed on a quarterly basis.
What is TSM's dividend payout ratio?
As of Oct 19, 2026, TSM's payout ratio is 24% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has TSM grown its dividend?
As of Oct 19, 2026, TSM has increased its dividend for 2 consecutive years.
When is the next TSM ex-dividend date?
As of Oct 19, 2026, the next ex-dividend date on record for TSM is Dec 10, 2026.
TSM Price — Last 12 Months
Daily close
Price Return
1 Year
+42%
3 Years
+324%
5 Years
+252%
52-Week Range
$266.82 – $487.47
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TSM worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Taiwan Semiconductor Manufacturing Company Limited is $403.11 per share, versus a market price of $412.61. That implies the stock is roughly fairly priced.
Fair Value
$403.11
Current Price
$412.61
Gap
-2%
Margin of Safety
-2%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 10.5% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $15.43 EPS, $3.77 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TSM Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full TSM dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 16, 2026 | Oct 8, 2026 | $1.1070 | regular |
| Jun 11, 2026 | Jul 9, 2026 | $0.9550 | regular |
| Mar 17, 2026 | Apr 9, 2026 | $0.9560 | regular |
| Dec 11, 2025 | Jan 8, 2026 | $0.8350 | regular |
| Sep 16, 2025 | Oct 9, 2025 | $0.8220 | regular |
| Jun 12, 2025 | Jul 10, 2025 | $0.7800 | regular |
| Mar 18, 2025 | Apr 10, 2025 | $0.6840 | regular |
| Dec 12, 2024 | Jan 9, 2025 | $0.6160 | regular |
| Sep 12, 2024 | Oct 9, 2024 | $0.6260 | regular |
| Jun 13, 2024 | Jul 11, 2024 | $0.5440 | regular |
| Mar 18, 2024 | Apr 11, 2024 | $0.5540 | regular |
| Dec 14, 2023 | Jan 11, 2024 | $0.4790 | regular |
| Sep 14, 2023 | Oct 12, 2023 | $0.4710 | regular |
| Jun 15, 2023 | Jul 13, 2023 | $0.4480 | regular |
Income Calculator
At $3.77 / yr per share
Similar Dividend Stocks
Compare TSM
Explore more
Lists and tools related to TSM
- Technology dividend stocks →
- TSM dividend calculator →
- TSM DRIP calculator →
- TSM: last day to buy for the dividend →
- Embed TSM dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →