Page 70 - TSMC 2020 Annual Report

4 1 1 10 Share Information
TSMC’s TSMC’s earnings per per share share in in in in 2020 increased 50 0% from 2019 to NT$19 97 per per share share The following table details TSMC’s TSMC’s market price net worth earnings and dividends per common share as as well as as other data regarding return on
on
investment Market Price Net Worth Earnings and Dividends Per Common Share Unit: NT$ except for weighted average shares and return on
investment ratios
Market Price Per Share (Note 1)
Highest Market Price Lowest Market Price Average Market Price Net Worth Per Share Before Distribution
After Distribution
Earnings Per Share Weighted Average Shares (thousand shares)
Diluted Earnings Per Share Dividends Per Share Cash Dividends Accumulated Undistributed Dividend Return on
Investment
Price/Earnings Ratio (Note 2)
Price/Dividend Ratio (Note 3)
Cash Dividend Yield (Note 4)
345 00 00 530 00 00 208 00 00 248 00 00 261 73 378 65
62 53 71 33
60 03 68 83 (Note 5)
25 25 930 930 380 380 25 25 930 930 380 380 13 32 19 97 9 50 10 00 (Note 5)
- - - - 19 65
18 96
27 55 37 86 (Note 5)
3 6% 6% 2 6% 6% (Note 5)
673 00 536 00 614 21
- - - - - - - - - Item
2019 2020 01/01/2021 - 02/28/2021
Note Note 1: Referred to TWSE website
Note Note Note 2: Price/Earnings Ratio Ratio = = Average Average Market Market Price/ Price/ Price/ Price/ Diluted Earnings Earnings Per Per Share Share Note Note Note 3: Price/Dividend Ratio Ratio = = = Average Average Average Market Market Market Price/Cash Dividends Dividends Per Per Per Share Share Share Note Note Note 4: Cash Cash Cash Dividend Dividend Dividend Dividend Yield = = Cash Cash Cash Dividends Dividends Per Per Share/Average Market Market Price Price Price Note Note 5: Including the dividends amount for fourth quarter of of 2020 which were approved by Board of of Directors on
February 9 2021
4 1 1 1 11 Dividend Policy and Distribution
of Earnings Except as otherwise specified in the the the the Articles of Incorporation or or or or under the the the the R O C C law TSMC will not pay dividends or or or or make other other distributions to to shareholders when there are are no earnings The Company’s profits may be distributed by way of of cash dividend stock dividend or or or a a a a a a a a combination of of of of cash and stock Pursuant to to the Company’s Articles of of of of Incorporation distributions of of of of profits shall be made preferably by way of of cash dividend dividend In addition the the ratio for stock dividends shall not exceed 50% of of the the total distribution Distribution
of stock dividends is is is is subject to to approval by the R O C C Financial Supervisory Commission In the the the Annual Shareholders’ Meeting on
June 5 2019 the the the Company’s shareholders approved the the the amendments to TSMC’s Articles of of of Incorporation to to to authorize the the Company’s Board of of of Directors to to to approve quarterly cash dividends after the the close of of of each quarter quarter After the the Company’s Board of Directors approves quarterly cash dividends TSMC will distribute the the dividend dividend within six months The respective amounts and payment dates of 2020 quarterly cash dividends are demonstrated in in the table below TSMC intends to maintain a a a a a a a a a a a a sustainable cash dividend on
both an an an annual and quarterly basis 068