TSMC hit a new high of 7 yuan ex-dividend, with a small discount in early trading

TSMC's ex-dividend hit a new high of 7 yuan today, showing a slight discount in early trading. (Reuters)

[Reporter Lin Yiru/Taipei Report] TSMC (2330), the leading wafer foundry, went ex-dividend today (16th), distributing a cash dividend of 7.00000137 yuan per share, a record high in a single quarter since quarterly dividend distribution. However, affected by the retracement of U.S. technology stocks, TSMC's first day of ex-dividend went below the flat market in early trading, showing a slight discount.

Affected by the general pullback in U.S. technology stocks, rising concerns about AI investment and rising U.S. bond yields, TSMC ADR fell 1.02% on Tuesday to close at $413.75.

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Since TSMC switched to quarterly dividend distribution in 2019, all ex-dividends have been successfully completed. As of June this year, 22 interest payments have been completed on the day of ex-dividends. Whether this ex-dividend can be successfully completed on the same day has attracted much attention from the market.

TSMC's revenue in August continued to hit a new high, reaching 514.806 billion yuan, a monthly increase of 10% and an annual increase of 53.3%. Benefiting from the continued strong demand for AI, shipments of advanced processes such as 3nm are heating up. Coupled with high-volume shipments of 2nm, advanced packaging production capacity continues to be in short supply. TSMC's single-month revenue has hit a new high for four consecutive months. Judging from the cumulative revenue in July and August reaching 982.3 billion yuan, TSMC’s third-quarter revenue has the opportunity to reach the high standard of financial forecasts.

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