<p>很少有公司能像台積電（Taiwan Semiconductor Manufacturing NYSE: TSM）那樣主導其行業。這家公司是推動整個人工智能（AI）建設的主力軍，幾乎製造了全球所有最先進的 AI 加速器。</p>
<p>雖然這隻股票的回報率不像一些較小的 AI 股票那樣迅速爆發，但它的表現依然非常出色。自 2025 年初以來，台積電的股票總回報超過 100%，是標普 500 指數同期回報的三倍多。大部分的表現發生在 2026 年，台積電的股價在這一年上漲超過 30%。</p>
<p>而且，與絕大多數 AI 股票不同，台積電實際上支付了相當可觀的股息收益率。這一點在公司最近一次股息增加後尤為明顯，顯示出管理層對公司前景的強烈信心。</p>
<p>然而，作為一家外國公司，美國投資者在理解該公司的股息時需要考慮一些重要因素。</p>
<h2>台積電 17% 的股息提升——穩健的科技收益，但需注意事項</h2>
<p>在 5 月份，台積電宣佈大幅提高其季度股息。對於持有該公司美國存託憑證（ADR）的投資者來説，公司的季度派息將增加 17%，達到約 1.11 美元。由此，該股票的標稱股息收益率約為 1.1%。</p>
<p>然而，這並不是 ADR 投資者實際收到的收益率——這是關於台積電股息的第一個重要細節。正如台積電在其網站的常見問題頁面中所指出的，“分配給台積電 ADS 持有者的股息需繳納 21% 的 [中華民國] 預扣税。” 請注意，台積電在這裏提到的是 ADS（美國存託證券），而不是 ADRs。兩者的區別是技術性的，但影響是相同的。</p>
<p>考慮到這一税收預扣，ADR 持有者實際收到的股息支付比標稱數字低約 21%。經過計算，這將使 ADR 持有者的税後季度股息略低於 88 美分。</p>
<p>因此，按税後計算，該股票的標稱股息收益率降至約 0.85%。雖然這並不算高，但對於科技行業的股票來説，這仍然是一個穩健的收益率，因為許多科技公司根本不支付股息。此外，這一收益率大約是一些熱門科技 ETF 的兩倍，例如科技選擇行業 SPDR 基金（NYSEARCA: XLK）。該基金跟蹤標普 500 指數中科技行業股票的表現，提供的股息收益率僅約為 0.4%。</p>
<p>另一個值得注意的因素是台積電股息的支付時間，這比大多數美國公司要晚得多。公司將在 10 月 8 日向截至 9 月 16 日的 ADR 持有者支付其新宣佈的股息。此外，公司在支付之前已安排的股息之前就宣佈了這一股息。台積電將在 7 月 9 日向截至 6 月 11 日收盤的持有者支付最後一次每 ADR 95 美分的股息。這一點非常重要，因為這一較小的支付將使股票的前瞻性收益率略低於之前討論的水平。</p>
<h2>信心因素：為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積電對其未來信心的重要信號。公司避免降低股息，因為市場將其視為一種弱點。因此，通過提高股息，台積電在隱含地告訴投資者，它相信自己能夠在很長一段時間內繼續支付這一股息。</p>
<p>值得注意的是，台積電在過去 20 多年中並未明確減少其年度股息。公司在 2019 年從支付一次年度股息轉變為四次季度股息，但其全年股息仍然上升。由於貨幣波動和其他因素，其股息在季度間有所波動，但變化非常小。</p>
<p>台積電過去 12 個月每 ADR 的收益約為 12.02 美元。如果保持這一數字不變，預計年度股息支付接近 4.44 美元，公司支付比率將約為 37%。這是一個非常舒適的數字，使台積電有足夠的空間進一步提高其股息。此外，這一數字並未考慮分析師預計台積電的收益將顯著上升，從而對其未來的支付比率施加下行壓力。</p>
<h2>分析師預測台積電的上漲空間和強勁增長</h2>
<p>隨着台積電提高股息，該公司無疑有很多值得信心的地方。分析師目前預計台積電的收入將在 2026 年增長近 36%。這將標誌着公司自 2022 年以來的最高增長率，也是自 2011 年以來的第二高增長率。</p>
<p>最近更新的分析師目標繼續預測該股票的上漲空間。MarketBeat 共識目標價接近 404 美元，略低於台積電最近的股價。然而，自 4 月中旬以來更新的目標平均值則高得多，接近 467 美元。這個數字意味着股票有超過 10% 的上漲空間。</p>
<h2>你現在應該投資 1000 美元在台積電嗎？</h2>
<p>在你考慮投資台積電之前，你需要聽聽這個。</p>
<p>MarketBeat 跟蹤華爾街頂級評級和表現最佳的研究分析師，以及他們每天向客户推薦的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦在市場廣泛關注之前購買……而台積電並不在名單上。</p>
<p>雖然台積電目前在分析師中獲得了買入評級，但頂級分析師認為這五隻股票更值得投資。</p>
<p>在這裏查看這五隻股票</p>

台積電

2 倍做多 TSM ETF - GraniteShares

半導體 ETF - VanEck Vectors

標普半導體 ETF - SPDR

2 倍做多台積電 ETF - Direxion

2 倍做多 TSM ETF - Leverage Shares

費城交易所 半導體 ETF - iShares

<p>看看台積電最新增加後的股息收益率，以及投資者不能忽視的該公司股息特徵中的一些問題</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>很少有公司能像台積電（Taiwan Semiconductor Manufacturing NYSE: TSM）那樣主導其行業。這家公司是推動整個人工智能（AI）建設的主力軍，幾乎製造了全球所有最先進的 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>雖然這隻股票的回報率不像一些較小的 AI 股票那樣迅速爆發，但它的表現依然非常出色。自 2025 年初以來，台積電的股票總回報超過 100%，是標普 500 指數同期回報的三倍多。大部分的表現發生在 2026 年，台積電的股價在這一年上漲超過 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，與絕大多數 AI 股票不同，台積電實際上支付了相當可觀的股息收益率。這一點在公司最近一次股息增加後尤為明顯，顯示出管理層對公司前景的強烈信心。</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，作為一家外國公司，美國投資者在理解該公司的股息時需要考慮一些重要因素。</p>
</div><h2>TSMC’s 17% Dividend Boost—Solid Tech Yield, But With Caveats</h2>
<div class="lb-trans"><h2>台積電 17% 的股息提升——穩健的科技收益，但需注意事項</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，台積電宣佈大幅提高其季度股息。對於持有該公司美國存託憑證（ADR）的投資者來説，公司的季度派息將增加 17%，達到約 1.11 美元。由此，該股票的標稱股息收益率約為 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，這並不是 ADR 投資者實際收到的收益率——這是關於台積電股息的第一個重要細節。正如台積電在其網站的常見問題頁面中所指出的，“分配給台積電 ADS 持有者的股息需繳納 21% 的 [中華民國] 預扣税。” 請注意，台積電在這裏提到的是 ADS（美國存託證券），而不是 ADRs。兩者的區別是技術性的，但影響是相同的。</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>考慮到這一税收預扣，ADR 持有者實際收到的股息支付比標稱數字低約 21%。經過計算，這將使 ADR 持有者的税後季度股息略低於 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，按税後計算，該股票的標稱股息收益率降至約 0.85%。雖然這並不算高，但對於科技行業的股票來説，這仍然是一個穩健的收益率，因為許多科技公司根本不支付股息。此外，這一收益率大約是一些熱門科技 ETF 的兩倍，例如科技選擇行業 SPDR 基金（NYSEARCA: XLK）。該基金跟蹤標普 500 指數中科技行業股票的表現，提供的股息收益率僅約為 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>另一個值得注意的因素是台積電股息的支付時間，這比大多數美國公司要晚得多。公司將在 10 月 8 日向截至 9 月 16 日的 ADR 持有者支付其新宣佈的股息。此外，公司在支付之前已安排的股息之前就宣佈了這一股息。台積電將在 7 月 9 日向截至 6 月 11 日收盤的持有者支付最後一次每 ADR 95 美分的股息。這一點非常重要，因為這一較小的支付將使股票的前瞻性收益率略低於之前討論的水平。</p>
</div><h2>The Confidence Factor: Why Dividend Boosts Matter Beyond the Yield</h2>
<div class="lb-trans"><h2>信心因素：為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積電對其未來信心的重要信號。公司避免降低股息，因為市場將其視為一種弱點。因此，通過提高股息，台積電在隱含地告訴投資者，它相信自己能夠在很長一段時間內繼續支付這一股息。</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，台積電在過去 20 多年中並未明確減少其年度股息。公司在 2019 年從支付一次年度股息轉變為四次季度股息，但其全年股息仍然上升。由於貨幣波動和其他因素，其股息在季度間有所波動，但變化非常小。</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>台積電過去 12 個月每 ADR 的收益約為 12.02 美元。如果保持這一數字不變，預計年度股息支付接近 4.44 美元，公司支付比率將約為 37%。這是一個非常舒適的數字，使台積電有足夠的空間進一步提高其股息。此外，這一數字並未考慮分析師預計台積電的收益將顯著上升，從而對其未來的支付比率施加下行壓力。</p>
</div><h2>Analysts Forecast Upside and Strong Growth for TSMC</h2>
<div class="lb-trans"><h2>分析師預測台積電的上漲空間和強勁增長</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>隨着台積電提高股息，該公司無疑有很多值得信心的地方。分析師目前預計台積電的收入將在 2026 年增長近 36%。這將標誌着公司自 2022 年以來的最高增長率，也是自 2011 年以來的第二高增長率。</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>最近更新的分析師目標繼續預測該股票的上漲空間。MarketBeat 共識目標價接近 404 美元，略低於台積電最近的股價。然而，自 4 月中旬以來更新的目標平均值則高得多，接近 467 美元。這個數字意味着股票有超過 10% 的上漲空間。</p>
</div><h2>Should You Invest $1,000 in Taiwan Semiconductor Manufacturing Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在台積電嗎？</h2>
</div><p>Before you consider Taiwan Semiconductor Manufacturing, you'll want to hear this.</p>
<div class="lb-trans"><p>在你考慮投資台積電之前，你需要聽聽這個。</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 跟蹤華爾街頂級評級和表現最佳的研究分析師，以及他們每天向客户推薦的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦在市場廣泛關注之前購買……而台積電並不在名單上。</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>雖然台積電目前在分析師中獲得了買入評級，但頂級分析師認為這五隻股票更值得投資。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在這裏查看這五隻股票</p>
</div>

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

- 台灣半導體制造公司（TSMC）是全球主要的 AI 加速器製造商。  
- 其股價自 2025 年以來總回報超過 100%，2026 年上漲超過 30%。  
- TSMC 最近宣佈季度股息增加 17%，但美國存託憑證持有人需繳 21% 預扣税。

投資者需要了解台積電大幅提高 17% 股息的相關信息