Focus Taiwan
Date: 2020/01/03
By: Chang Chien-chung and Frances Huang
Taipei, Jan. 3 (CNA) Shares in Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, returned to their prior ex-dividend level during the Friday session, 11 trading sessions after the stock went ex-dividend, dealers said.
TSMC shares ended the day up 0.15 percent to close at NT$337.50 (US$11.21), with 41.77 million shares changing hands, after hitting a high of NT$345.00, which was above the prior ex-dividend level of NT$344.50 on Dec. 18, 2019.
As long as a stock hits or breaches its prior ex-dividend level during a session, even if it comes off that level by the end of the trading session, it is considered to have returned to the earlier level.
TSMC will issue a NT$2.5 cash dividend per share for its earnings in the third quarter, with Dec. 19, 2019 the stock's ex-dividend date. [FULL STORY]