<p>很少有公司能像台积电（Taiwan Semiconductor Manufacturing NYSE: TSM）那样主导其行业。这家公司是推动整个人工智能（AI）建设的主力军，几乎制造了全球所有最先进的 AI 加速器。</p>
<p>虽然这只股票的回报率不像一些较小的 AI 股票那样迅速爆发，但它的表现依然非常出色。自 2025 年初以来，台积电的股票总回报超过 100%，是标普 500 指数同期回报的三倍多。大部分的表现发生在 2026 年，台积电的股价在这一年上涨超过 30%。</p>
<p>而且，与绝大多数 AI 股票不同，台积电实际上支付了相当可观的股息收益率。这一点在公司最近一次股息增加后尤为明显，显示出管理层对公司前景的强烈信心。</p>
<p>然而，作为一家外国公司，美国投资者在理解该公司的股息时需要考虑一些重要因素。</p>
<h2>台积电 17% 的股息提升——稳健的科技收益，但需注意事项</h2>
<p>在 5 月份，台积电宣布大幅提高其季度股息。对于持有该公司美国存托凭证（ADR）的投资者来说，公司的季度派息将增加 17%，达到约 1.11 美元。由此，该股票的标称股息收益率约为 1.1%。</p>
<p>然而，这并不是 ADR 投资者实际收到的收益率——这是关于台积电股息的第一个重要细节。正如台积电在其网站的常见问题页面中所指出的，“分配给台积电 ADS 持有者的股息需缴纳 21% 的 [中华民国] 预扣税。” 请注意，台积电在这里提到的是 ADS（美国存托证券），而不是 ADRs。两者的区别是技术性的，但影响是相同的。</p>
<p>考虑到这一税收预扣，ADR 持有者实际收到的股息支付比标称数字低约 21%。经过计算，这将使 ADR 持有者的税后季度股息略低于 88 美分。</p>
<p>因此，按税后计算，该股票的标称股息收益率降至约 0.85%。虽然这并不算高，但对于科技行业的股票来说，这仍然是一个稳健的收益率，因为许多科技公司根本不支付股息。此外，这一收益率大约是一些热门科技 ETF 的两倍，例如科技选择行业 SPDR 基金（NYSEARCA: XLK）。该基金跟踪标普 500 指数中科技行业股票的表现，提供的股息收益率仅约为 0.4%。</p>
<p>另一个值得注意的因素是台积电股息的支付时间，这比大多数美国公司要晚得多。公司将在 10 月 8 日向截至 9 月 16 日的 ADR 持有者支付其新宣布的股息。此外，公司在支付之前已安排的股息之前就宣布了这一股息。台积电将在 7 月 9 日向截至 6 月 11 日收盘的持有者支付最后一次每 ADR 95 美分的股息。这一点非常重要，因为这一较小的支付将使股票的前瞻性收益率略低于之前讨论的水平。</p>
<h2>信心因素：为何股息提升超越收益率的重要性</h2>
<p>公司的大幅增加是台积电对其未来信心的重要信号。公司避免降低股息，因为市场将其视为一种弱点。因此，通过提高股息，台积电在隐含地告诉投资者，它相信自己能够在很长一段时间内继续支付这一股息。</p>
<p>值得注意的是，台积电在过去 20 多年中并未明确减少其年度股息。公司在 2019 年从支付一次年度股息转变为四次季度股息，但其全年股息仍然上升。由于货币波动和其他因素，其股息在季度间有所波动，但变化非常小。</p>
<p>台积电过去 12 个月每 ADR 的收益约为 12.02 美元。如果保持这一数字不变，预计年度股息支付接近 4.44 美元，公司支付比率将约为 37%。这是一个非常舒适的数字，使台积电有足够的空间进一步提高其股息。此外，这一数字并未考虑分析师预计台积电的收益将显著上升，从而对其未来的支付比率施加下行压力。</p>
<h2>分析师预测台积电的上涨空间和强劲增长</h2>
<p>随着台积电提高股息，该公司无疑有很多值得信心的地方。分析师目前预计台积电的收入将在 2026 年增长近 36%。这将标志着公司自 2022 年以来的最高增长率，也是自 2011 年以来的第二高增长率。</p>
<p>最近更新的分析师目标继续预测该股票的上涨空间。MarketBeat 共识目标价接近 404 美元，略低于台积电最近的股价。然而，自 4 月中旬以来更新的目标平均值则高得多，接近 467 美元。这个数字意味着股票有超过 10% 的上涨空间。</p>
<h2>你现在应该投资 1000 美元在台积电吗？</h2>
<p>在你考虑投资台积电之前，你需要听听这个。</p>
<p>MarketBeat 跟踪华尔街顶级评级和表现最佳的研究分析师，以及他们每天向客户推荐的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在市场广泛关注之前购买……而台积电并不在名单上。</p>
<p>虽然台积电目前在分析师中获得了买入评级，但顶级分析师认为这五只股票更值得投资。</p>
<p>在这里查看这五只股票</p>

台积电

2 倍做多 TSM ETF - GraniteShares

半导体 ETF - VanEck Vectors

标普半导体 ETF - SPDR

2 倍做多台积电 ETF - Direxion

2 倍做多 TSM ETF - Leverage Shares

费城交易所 半导体 ETF - iShares

<p>看看台积电最新增加后的股息收益率，以及投资者不能忽视的该公司股息特征中的一些问题</p>

<p>Few companies dominate their industry like Taiwan Semiconductor Manufacturing NYSE: TSM. The firm is the workhorse that makes the entire artificial intelligence (AI) buildout possible, manufacturing nearly all of the world’s most advanced AI accelerators.</p>
<div class="lb-trans"><p>很少有公司能像台积电（Taiwan Semiconductor Manufacturing NYSE: TSM）那样主导其行业。这家公司是推动整个人工智能（AI）建设的主力军，几乎制造了全球所有最先进的 AI 加速器。</p>
</div><p>While the stock does not quickly put up explosive returns like some smaller names in the AI trade, it has still done extremely well. Since the start of 2025, TSMC shares have delivered a total return above 100%, more than triple the S&amp;P 500’s return over the same period. Much of this performance has come in 2026, with TSMC up more than 30% for the year.</p>
<div class="lb-trans"><p>虽然这只股票的回报率不像一些较小的 AI 股票那样迅速爆发，但它的表现依然非常出色。自 2025 年初以来，台积电的股票总回报超过 100%，是标普 500 指数同期回报的三倍多。大部分的表现发生在 2026 年，台积电的股价在这一年上涨超过 30%。</p>
</div><p>And, unlike the vast majority of AI stocks, TSMC actually pays a meaningful dividend yield. This is particularly true after the company’s most recent dividend increase, which was a strong signal of confidence from management in the company’s outlook.</p>
<div class="lb-trans"><p>而且，与绝大多数 AI 股票不同，台积电实际上支付了相当可观的股息收益率。这一点在公司最近一次股息增加后尤为明显，显示出管理层对公司前景的强烈信心。</p>
</div><p>However, being a foreign company, there are some important considerations that U.S. investors need to understand regarding the firm’s dividend.</p>
<div class="lb-trans"><p>然而，作为一家外国公司，美国投资者在理解该公司的股息时需要考虑一些重要因素。</p>
</div><h2>TSMC’s 17% Dividend Boost—Solid Tech Yield, But With Caveats</h2>
<div class="lb-trans"><h2>台积电 17% 的股息提升——稳健的科技收益，但需注意事项</h2>
</div><p>In May, TSMC announced a sizable increase to its quarterly dividend. For holders of the company’s American Depositary Receipts (ADR), the company’s quarterly payout will move up by 17% to approximately $1.11. With this, the stock now holds a headline-indicated dividend yield of approximately 1.1%.</p>
<div class="lb-trans"><p>在 5 月份，台积电宣布大幅提高其季度股息。对于持有该公司美国存托凭证（ADR）的投资者来说，公司的季度派息将增加 17%，达到约 1.11 美元。由此，该股票的标称股息收益率约为 1.1%。</p>
</div><p>However, this is not the yield that ADR investors will actually receive—the first important wrinkle when it comes TSMC's dividend. As TSMC notes in the FAQ page on its website, “Dividends distributed to the holders of TSMC’s ADSs are subject to [Republic of China] withholding tax at 21%.” Note that TSMC refers to ADSs (American Depositary Seceipts) here, rather than ADRs. The differences are technical, but the implications are the same.</p>
<div class="lb-trans"><p>然而，这并不是 ADR 投资者实际收到的收益率——这是关于台积电股息的第一个重要细节。正如台积电在其网站的常见问题页面中所指出的，“分配给台积电 ADS 持有者的股息需缴纳 21% 的 [中华民国] 预扣税。” 请注意，台积电在这里提到的是 ADS（美国存托证券），而不是 ADRs。两者的区别是技术性的，但影响是相同的。</p>
</div><p>Considering this tax withholding, the actual dividend payout ADR holders receive is approximately 21% lower than the headline figure. Doing the math, this would put the after-tax quarterly dividend for ADR holders just below 88 cents.</p>
<div class="lb-trans"><p>考虑到这一税收预扣，ADR 持有者实际收到的股息支付比标称数字低约 21%。经过计算，这将使 ADR 持有者的税后季度股息略低于 88 美分。</p>
</div><p>Thus, on an after-tax basis, the stock’s indicated dividend yield moves down to approximately 0.85%. While not large by any means, this is a solid yield for a technology-sector stock, as many of these names do not pay dividends at all. Furthermore, this yield is roughly double that of some popular technology ETFs, such as the Technology Select Sector SPDR Fund NYSEARCA: XLK. This fund tracks the performance of tech sector stocks in the S&amp;P 500 Index and provides a dividend yield of only around 0.4%.</p>
<div class="lb-trans"><p>因此，按税后计算，该股票的标称股息收益率降至约 0.85%。虽然这并不算高，但对于科技行业的股票来说，这仍然是一个稳健的收益率，因为许多科技公司根本不支付股息。此外，这一收益率大约是一些热门科技 ETF 的两倍，例如科技选择行业 SPDR 基金（NYSEARCA: XLK）。该基金跟踪标普 500 指数中科技行业股票的表现，提供的股息收益率仅约为 0.4%。</p>
</div><p>Another notable factor with TSMC’s dividend is the payment timing, which takes place much further out from the dividend announcement compared to most U.S. firms. The company will not pay its newly announced dividend until Oct. 8 to ADR holders of record as of Sept. 16. Furthermore, the company announced this dividend before it has even paid its previously scheduled one. TSMC will make its last 95-cent per ADR payment on July 9 to holders of record as of the June 11 close. This is important to be aware of, as this one smaller payment would put the stock's forward-looking yield slightly lower than discussed previously.</p>
<div class="lb-trans"><p>另一个值得注意的因素是台积电股息的支付时间，这比大多数美国公司要晚得多。公司将在 10 月 8 日向截至 9 月 16 日的 ADR 持有者支付其新宣布的股息。此外，公司在支付之前已安排的股息之前就宣布了这一股息。台积电将在 7 月 9 日向截至 6 月 11 日收盘的持有者支付最后一次每 ADR 95 美分的股息。这一点非常重要，因为这一较小的支付将使股票的前瞻性收益率略低于之前讨论的水平。</p>
</div><h2>The Confidence Factor: Why Dividend Boosts Matter Beyond the Yield</h2>
<div class="lb-trans"><h2>信心因素：为何股息提升超越收益率的重要性</h2>
</div><p>The company’s large increase is a meaningful signal of TSMC’s confidence in its future. Companies avoid lowering their dividend because the market views this as a sign of weakness. Thus, by raising its dividend, TSMC is implicitly telling investors that it believes it can continue making that payment over a very long-term period.</p>
<div class="lb-trans"><p>公司的大幅增加是台积电对其未来信心的重要信号。公司避免降低股息，因为市场将其视为一种弱点。因此，通过提高股息，台积电在隐含地告诉投资者，它相信自己能够在很长一段时间内继续支付这一股息。</p>
</div><p>Notably, TSMC has not explicitly decreased its dividend on an annual basis for more than 20 years. The company transitioned from paying one annual dividend to four quarterly dividends in 2019, but its full-year dividend still went up. Its dividend has fluctuated on a quarterly basis due to currency movements and other factors, but the changes have been very slight.</p>
<div class="lb-trans"><p>值得注意的是，台积电在过去 20 多年中并未明确减少其年度股息。公司在 2019 年从支付一次年度股息转变为四次季度股息，但其全年股息仍然上升。由于货币波动和其他因素，其股息在季度间有所波动，但变化非常小。</p>
</div><p>TSMC’s last 12 months' earnings per ADR were approximately $12.02. Holding this number steady, with an expected annual dividend payment near $4.44, the company’s payout ratio would be around 37%. This is a very comfortable figure, giving TSMC ample room to raise its dividend further. It also doesn’t account for the fact that analysts expect TSMC’s earnings to rise significantly, putting downward pressure on its future payout ratio.</p>
<div class="lb-trans"><p>台积电过去 12 个月每 ADR 的收益约为 12.02 美元。如果保持这一数字不变，预计年度股息支付接近 4.44 美元，公司支付比率将约为 37%。这是一个非常舒适的数字，使台积电有足够的空间进一步提高其股息。此外，这一数字并未考虑分析师预计台积电的收益将显著上升，从而对其未来的支付比率施加下行压力。</p>
</div><h2>Analysts Forecast Upside and Strong Growth for TSMC</h2>
<div class="lb-trans"><h2>分析师预测台积电的上涨空间和强劲增长</h2>
</div><p>As TSMC lifts its dividend, the firm certainly has a lot to be confident about. Analysts currently expect TSMC’s revenues to rise by nearly 36% in 2026. This would mark the company’s highest growth rate since 2022, and its second-highest since 2011.</p>
<div class="lb-trans"><p>随着台积电提高股息，该公司无疑有很多值得信心的地方。分析师目前预计台积电的收入将在 2026 年增长近 36%。这将标志着公司自 2022 年以来的最高增长率，也是自 2011 年以来的第二高增长率。</p>
</div><p>Recently updated analyst targets continue to forecast upside in the stock. The MarketBeat consensus price target sits near $404, just below TSMC's recent share prices. However, the average of targets updated since mid-April sits considerably higher, near $467. This figure implies well over 10% upside in shares.</p>
<div class="lb-trans"><p>最近更新的分析师目标继续预测该股票的上涨空间。MarketBeat 共识目标价接近 404 美元，略低于台积电最近的股价。然而，自 4 月中旬以来更新的目标平均值则高得多，接近 467 美元。这个数字意味着股票有超过 10% 的上涨空间。</p>
</div><h2>Should You Invest $1,000 in Taiwan Semiconductor Manufacturing Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在台积电吗？</h2>
</div><p>Before you consider Taiwan Semiconductor Manufacturing, you'll want to hear this.</p>
<div class="lb-trans"><p>在你考虑投资台积电之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taiwan Semiconductor Manufacturing wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 跟踪华尔街顶级评级和表现最佳的研究分析师，以及他们每天向客户推荐的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在市场广泛关注之前购买……而台积电并不在名单上。</p>
</div><p>While Taiwan Semiconductor Manufacturing currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然台积电目前在分析师中获得了买入评级，但顶级分析师认为这五只股票更值得投资。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

What Investors Need to Know About TSMC's Hefty 17% Dividend Increase

- 台湾半导体制造公司（TSMC）是全球主要的 AI 加速器制造商。  
- 其股价自 2025 年以来总回报超过 100%，2026 年上涨超过 30%。  
- TSMC 最近宣布季度股息增加 17%，但美国存托凭证持有人需缴 21% 预扣税。

投资者需要了解台积电大幅提高 17% 股息的相关信息