Page 76 - TSMC 2024 Annual Report

4 1 9 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 Pursuant to to to TSMC’s Articles of of Incorporation the Company’s Board of of Directors is authorized to to to approve quarterly cash dividends after the the the close of of each quarter quarter After the the the Company’s Board of of Directors approves quarterly cash dividends TSMC will distribute the the the dividend dividend within six months The respective amounts and payment dates of 2024 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 a a a a sustainable and and steadily increasing cash dividend on both an an an an annual and and quarterly basis 2024 Quarterly Earnings
Distribution Unit: NT$ First quarter of 2024 Second quarter of 2024 Third quarter of 2024 Fourth quarter of 2024 05/10/2024
08/13/2024
11/12/2024
02/12/2025
10/09/2024
01/09/2025
04/10/2025
07/10/2025
NT$4 00013820 (Note 1) NT$3 99963706 (Note 1) NT$4 50002042 (Note 1) NT$4 50 (Note 2)
103 734 516 968
103 721 520 968
116 697 299 589
116 697 299 589
Period
Approval Date
Payment Date
Cash Dividend Per Share Total Earnings
Distribution Amount
Note Note 1: The The cash cash dividend dividend dividend dividend per per share share share share was adjusted as as as as as as as as authorized by the the the the the Board of of of of of Directors based based on on on on the the the the the actual actual actual number number of of of of of common common shares shares outstanding outstanding as as as as as as as as of of of of of the the the the the record record date date for for such such dividend dividend dividend dividend payment payment Note Note 2: The The actual actual actual cash cash dividend dividend dividend dividend per per share share share share shall be be be subject to to adjustment based based on on on on the the the the the actual actual actual number number of of of of of common common shares shares outstanding outstanding as as as as as as as as of of of of of the the the the the record record date date for for such such dividend dividend dividend dividend payment 4 1 1 10 Compensation to to to Directors and Profit Sharing
to to to Employees Based on on on TSMC’s Articles of Incorporation before paying dividends or or or or or bonuses to shareholders TSMC TSMC shall set aside not more than 0 3% of of of its annual profit profit to to to directors as as compensation and not less than 1% to to to employees as as profit profit sharing As resolved by TSMC’s Board of of Directors on on February 12 2025
a a a a a a a a profit sharing to to employees was expensed based on on a a a a a a a a certain percentage of of of 2024 profit compensation to to directors was expensed based on on the the estimated amount of of of payment If the the actual amounts amounts subsequently paid paid differ differ from the the the above estimated amounts amounts the the the differences will be recorded in the the the year paid paid as a a a a a a a a a a change in in accounting estimate 2024 Directors’ Compensation and Employees’ Profit Sharing
The The 2024 directors’ directors’ compensation compensation is is is NT$358 989 thousand The The directors’ directors’ compensation compensation is is is to to to be distributed in cash The 2024 employees’ profit sharing of of of NT$70 296 283 thousand was approved by the the Board of of of Directors in in in its meeting for the the first quarter of of 2025
The employees’ profit sharing is is to be distributed in in cash Note: NT$70 296 283 thousand business performance bonus was already distributed distributed following each quarter of o 2024 The aforementioned employees’ profit sharing will be distributed distributed in in in in July 2025
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