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Top Taiwanese (TAIEX) Dividend Stocks
UPDATED Mar 25, 2023
What are the best Taiwanese (TAIEX) Dividend Stocks?
According to our Simply Wall St analysis these are the best Taiwanese dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
12 companies meet this criteria in the Taiwanese market
Taiwan Surface Mounting Technology Corp. provides LCD surface-mount technology production solutions worldwide.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: 6278's dividend (7.35%) is in the top 25% of dividend payers in the TW market (5.95%)
Notable Dividend
Stable Dividend
Rewards
Trading at 66.6% below our estimate of its fair value
Earnings are forecast to grow 9.88% per year
Earnings have grown 36.5% per year over the past 5 years
Risks
No risks detected for 6278 from our risks checks.
Chicony Power Technology Co., Ltd. manufactures and sells switching power supplies and LED lighting products in Taiwan.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: 6412's dividend (7.12%) is in the top 25% of dividend payers in the TW market (5.95%)
Notable Dividend
Stable Dividend
Rewards
Trading at 70.6% below our estimate of its fair value
Earnings are forecast to grow 13.06% per year
Earnings have grown 22% per year over the past 5 years
Risks
No risks detected for 6412 from our risks checks.
Argosy Research Inc. produces and sells electronic connectors and system products.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 3217's dividend (5.05%) is low compared to the top 25% of dividend payers in the TW market (5.95%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 10.2% below our estimate of its fair value
Earnings are forecast to grow 24.44% per year
Earnings have grown 22.6% per year over the past 5 years
Risks
No risks detected for 3217 from our risks checks.
Micro-Star International Co., Ltd. manufactures and sells motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the Americas, and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: 2377's dividend (4.58%) is low compared to the top 25% of dividend payers in the TW market (5.94%).
Stable Dividend
Rewards
Price-To-Earnings ratio (12.2x) is below the TW market (15.8x)
Earnings are forecast to grow 11.41% per year
Risks
Profit margins (5.5%) are lower than last year (8.4%)
Getac Holdings Corporation, together with its subsidiaries, engages in the research, development, manufacture, and sale of various information products in Asia, the United States, Europe, and internationally.
Dividend Criteria
Growing Dividend
Future Dividend Coverage
High Dividend: 3005's dividend (6.66%) is in the top 25% of dividend payers in the TW market (5.95%)
Notable Dividend
Earnings Coverage
Stable Dividend
Rewards
Trading at 32.6% below our estimate of its fair value
Earnings are forecast to grow 15.43% per year
Risks
Profit margins (7.9%) are lower than last year (14.2%)
King's Town Bank Co., Ltd., together with its subsidiaries, provides various personal and corporate banking products and services in Taiwan.
Dividend Criteria
Growing Dividend
Future Dividend Coverage
High Dividend: 2809's dividend (6.14%) is in the top 25% of dividend payers in the TW market (5.95%)
Notable Dividend
Earnings Coverage
Stable Dividend
Rewards
Trading at 32.2% below our estimate of its fair value
Earnings are forecast to grow 43.43% per year
Risks
High level of non-cash earnings
Profit margins (43%) are lower than last year (66.7%)
PCL Technologies, Inc., together with its subsidiaries, researches, manufactures, and sells optical transceiver products in Taiwan and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 4977's dividend (2.56%) is low compared to the top 25% of dividend payers in the TW market (5.95%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 53.2% below our estimate of its fair value
Earnings are forecast to grow 69.27% per year
Risks
Shareholders have been diluted in the past year
Volatile share price over the past 3 months
Topco Scientific Co.,Ltd. provides precision materials, manufacturing equipment, and components for semiconductor and opto-electronic industries in Taiwan, China, and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: 5434's dividend (3.19%) is low compared to the top 25% of dividend payers in the TW market (5.95%).
Stable Dividend
Rewards
Price-To-Earnings ratio (11.3x) is below the TW market (15.7x)
Earnings are forecast to grow 6.65% per year
Earnings grew by 31.6% over the past year
Risks
No risks detected for 5434 from our risks checks.