Taiwan Semiconductor Stock To Go Ex-dividend Tomorrow (TSM)

NEW YORK ( TheStreet) -- The ex-dividend date for Taiwan Semiconductor Manufacturing (NYSE: TSM) is tomorrow, July 3, 2013. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $18.66 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Taiwan Semiconductor has been 10.9 million shares per day over the past 30 days. Taiwan Semiconductor has a market cap of $95 billion and is part of the technology sector and electronics industry. Shares are up 6.8% year to date as of the close of trading on Monday.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Taiwan Semiconductor as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Taiwan Semiconductor Ratings Report.

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