Focus Taiwan
Date: 05/12/2020
By: Chang Chien-chung and Frances Huang

Taipei, May 12 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said Tuesday it has approved a plan to issue a NT$2.5 (US$0.08) cash dividend per share for its earnings in the first quarter of this year.

In the January-March period, TSMC raked in NT$4.51 in earnings per share, up from NT$4.47 the previous quarter and also up from NT$2.37 over the same period last year.

The NT$2.5 cash dividend per share plan, which was approved by a board meeting on Tuesday, had been widely anticipated by the market as the company, which enjoys steady earnings growth by holding a technological lead over its peers, had said it would follow a stable cash dividend payout policy.

In 2019, TSMC issued a total of NT$10 in cash dividends per share to shareholders. The chipmaker has announced that total annual cash dividend payouts will be NT$10 or even higher.
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