TSMC Form 6-K Summary: August 28, 2024
Business Context and Reporting Period
This Form 6-K is filed by Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) for the month of August 2024. The filing serves as a report of a foreign private issuer under Rule 13a-16 of the Securities Exchange Act of 1934.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period. The document focuses exclusively on a specific corporate action regarding shareholder distributions.
Material Changes
The primary material change disclosed is an adjustment to the cash dividend per share for the first quarter of 2024. While the Board of Directors approved a dividend of NT$4.00 per common share on May 10, 2024, the actual payout amount has been adjusted due to changes in the number of common shares outstanding.
Management Commentary and Corporate Actions
- Dividend Adjustment: The cash dividend per share is adjusted from the originally approved NT$4.00 to NT$4.00013820.
- Cause of Adjustment: The change resulted from share buybacks and the issuance of 2024 Restricted Stock Awards occurring between the board approval date and the record date.
- Total Distribution: The total cash dividend approved remains NT$103,734,516,968.
- Payment Date: The dividend is scheduled to be paid on October 9, 2024.
Investor Verification Checklist
- Verify the exact record date for the Q1 2024 dividend distribution.
- Confirm the final number of common shares outstanding used to calculate the adjusted per-share amount.
- Review the impact of recent share buybacks and Restricted Stock Award issuances on total share count.
- Ensure the payment date of October 9, 2024, aligns with brokerage settlement cycles.