Taiwan Semiconductor Board Approved a Q3 FY23 Cash Dividend of NT$3.50/Share Vs NT$3.00 for Q2 FY23 and NT$2.75 for Q3 FY22
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing Company's (TSMC) board has approved an increase in the quarterly cash dividend to NT$3.50 per share for Q3 FY23, up from NT$3.00 in Q2 FY23 and NT$2.75 in Q3 FY22. The ex-dividend date is set for March 18, with the record date on March 24 and the distribution date on April 11, 2024.
January 18, 2024 | 7:37 am
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POSITIVE IMPACT
TSMC has announced an increased cash dividend for Q3 FY23 to NT$3.50/share, indicating a positive trend in the company's dividend policy and potentially signaling confidence in its financial stability and future earnings.
The increase in dividend is typically viewed as a positive signal to the market, reflecting the company's good financial health and commitment to returning value to shareholders. This can often lead to a short-term positive impact on the stock price as it may attract income-focused investors and boost shareholder confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100