Morris Chang estimated to pocket NT$312 million in TSMC dividends

Focus Taiwan
Date: 09/17/2020
By: Chang Chien-chung and Frances Huang

TSMC founder Morris ChangCNA file photo

Taipei, Sept. 17 (CNA) Morris Chang (張忠謀), founder of Taiwan Semiconductor Manufacturing Co. (TSMC), is estimated to receive about NT$312 million (US$10.7 million) in cash dividends from the contract chipmaker, which will pay the dividends in October.

Shares of TSMC went ex-dividend on Thursday before issuing NT$2.5 in cash dividends per share held by its shareholders for its earnings per share (EPS) of NT$4.47 recorded in the first quarter of this year.

TSMC is expected to give out a total of NT$64.83 billion in cash dividends for the first-quarter earnings on Oct. 15.

Chang, who retired in June 2018 as TSMC chairman, owned 125 million shares of the company at that time. As long as he continues to maintain his holdings, he will receive some NT$312 million in cash dividends in October.    [FULL  STORY]

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