Top Taiwanese (TAIEX) Dividend Stocks

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

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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.

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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

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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.

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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

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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.

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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

See Full Stock Report

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%)

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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

See Full Stock Report

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%)

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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

See Full Stock Report

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%)

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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

See Full Stock Report

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

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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

See Full Stock Report

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.

View all Risks and Rewards
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