Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) announced an adjustment to its fourth-quarter cash dividend for 2023. Initially, the TSMC Board of Directors had approved a distribution of NT$90,762,248,472, equating to NT$3.50 per common share, on February 6, 2024. However, due to changes in the number of outstanding common shares resulting from the reclaiming of unvested restricted stock awards from 2021 and 2022, and the issuance of new restricted stock awards for 2023, the per-share dividend has been slightly modified. The revised dividend is now set at NT$3.49978969 per common share. The payment date for this adjusted dividend is scheduled for July 11, 2024.