By Central News Agency
Ex-dividend refers to when the stock trades without the value of the next dividend payment. TSMC shares closed at NT$248.50 (US$8.02) on June 21, before having their dividend of NT$8 per share deducted and opening at NT$240.50 at the start of trading on June 24.
On Monday, TSMC shares rose 3.97 percent to close at NT$248.50, off a high of NT$250.00, with 66.24 million shares changing hands on the Taiwan Stock Exchange, where the weighted index ended up 1.53 percent at 10,895.46.
That meant the stock recovered to its pre-ex-dividend level in just six sessions, the fastest the stock has achieved the feat in three years. [FULL STORY]