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Top Taiwanese (TAIEX) Tech Dividend Stocks
UPDATED Jul 05, 2022
What are the best Taiwanese (TAIEX) Tech Dividend Stocks?
According to our Simply Wall St analysis these are the best Taiwanese Tech 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.
10 companies meet this criteria in the Taiwanese market
Argosy Research Inc. produces and sells electronic connectors and system products.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 3217's dividend (8.27%) is in the top 25% of dividend payers in the TW market (6.64%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 57.3% below our estimate of its fair value
Earnings are forecast to grow 28.21% per year
Earnings have grown 25.2% per year over the past 5 years
Risks
No risks detected for 3217 from our risks checks.
Arcadyan Technology Corporation, together with its subsidiaries, engages in the research, development, manufacture, and sale of wireless networking products, integrated access devices, digital home multimedia appliances, mobile broadband products, and wireless audio and video products.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 3596's dividend (6.67%) is in the top 25% of dividend payers in the TW market (6.64%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 41.8% below our estimate of its fair value
Earnings are forecast to grow 15.13% per year
Risks
High level of non-cash earnings
Shareholders have been diluted in the past year
Volatile share price over the past 3 months
Auras Technology Co., Ltd. engages in the manufacturing, processing, and retailing of electronic materials, computer heat dissipation modules, and other related products in China, Taiwan, Korea, Singapore, Ireland, and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: 3324's dividend (3.93%) is low compared to the top 25% of dividend payers in the TW market (6.64%).
Stable Dividend
Rewards
Price-To-Earnings ratio (11.6x) is below the TW market (14x)
Earnings are forecast to grow 14.76% per year
Risks
Volatile share price over the past 3 months
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 3090's dividend (9.45%) is in the top 25% of dividend payers in the TW market (6.64%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 35.6% below our estimate of its fair value
Earnings are forecast to grow 11.35% per year
Risks
No risks detected for 3090 from our risks checks.
Taiwan Union Technology Corporation operates in the electronic industry worldwide.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: 6274's dividend (9.67%) is in the top 25% of dividend payers in the TW market (6.64%)
Notable Dividend
Stable Dividend
Rewards
Trading at 81.2% below our estimate of its fair value
Earnings are forecast to grow 14.09% per year
Earnings have grown 11.3% per year over the past 5 years
Risks
No risks detected for 6274 from our risks checks.
ITEQ Corporation manufactures and sells copper clad laminate materials used for fabrication of printed circuit boards in Taiwan and Asia.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: 6213's dividend (7.35%) is in the top 25% of dividend payers in the TW market (6.64%)
Notable Dividend
Stable Dividend
Rewards
Trading at 4.4% below our estimate of its fair value
Earnings are forecast to grow 9.25% per year
Earnings have grown 22.5% per year over the past 5 years
Risks
High level of non-cash earnings
Shareholders have been diluted in the past year
Yageo Corporation engages in the manufacture and sale of passive components in China, Europe, the United States, and rest of Asia.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: 2327's dividend (3.61%) is low compared to the top 25% of dividend payers in the TW market (6.64%).
Stable Dividend
Rewards
Trading at 63.5% below our estimate of its fair value
Earnings are forecast to grow 9.98% per year
Earnings grew by 64.2% over the past year
Risks
Shareholders have been diluted in the past year
Alltop Technology Co., Ltd. engages in the designing, manufacturing, and selling of electrical connectors worldwide.
Dividend Criteria
Growing Dividend
High Dividend: 3526's dividend (8.21%) is in the top 25% of dividend payers in the TW market (6.64%)
Notable Dividend
Future Dividend Coverage
Earnings Coverage
Stable Dividend
Rewards
Trading at 60.2% below our estimate of its fair value
Earnings are forecast to grow 15.75% per year
Earnings have grown 20.5% per year over the past 5 years
Risks
Shareholders have been diluted in the past year