MORE FLEXIBILITY: The company’s board approved a proposal to distribute cash dividends on a quarterly basis following last year’s changes to the Company Act

Taipei Times
Date: Feb 20, 2019
By: Lisa Wang  /  Staff reporter

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its board of directors has approved a proposal to distribute a cash dividend of NT$8 per common share based on last year’s earnings and NT$2 per share for this quarter’s earnings.

The world’s largest contract chipmaker said that it would distribute the former in July and the latter in the fourth quarter of this year after obtaining final approval from shareholders at a shareholders’ meeting to be held on June 5.

It would be the first time the three-decade-old company would pay two cash dividends in a calendar year, instead of the usual once per year.

The board yesterday also approved a new distribution scheme to pay cash dividends on a quarterly basis.    [FULL  STORY]