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TSMC Chief Financial Officer Huang Renzhao said that an official agency has agreed to allow the company to distribute dividends to foreign institutional investors in US dollars starting next year. In an interview, Huang Renzhao said that due to regulatory regulations, dividends are currently paid in Taiwan dollars, but investors can choose whether to receive dividends in US dollars in the future. “Our basic belief is that we should be able to sustain ourselves using operating cash flow to support capital expenses, and set aside sufficient free cash flow to return cash to shareholders through sustainable and steadily growing cash dividends,” he said. Furthermore, Huang Renzhao also said that for the company, financing in Taiwan dollars is less expensive. Huang Renzhao said, “The US dollar is getting more expensive.” “If the timing is right, we don't rule out the possibility of entering the bond market again.”
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TSMC Chief Financial Officer Huang Renzhao said that an official agency has agreed to allow the company to distribute dividends to foreign institutional investors in US dollars starting next year. In an interview, Huang Renzhao said that due to regulatory regulations, dividends are currently paid in Taiwan dollars, but investors can choose whether to receive dividends in US dollars in the future. “Our basic belief is that we should be able to sustain ourselves using operating cash flow to support capital expenses, and set aside sufficient free cash flow to return cash to shareholders through sustainable and steadily growing cash dividends,” he said. Furthermore, Huang Renzhao also said that for the company, financing in Taiwan dollars is less expensive. Huang Renzhao said, “The US dollar is getting more expensive.” “If the timing is right, we don't rule out the possibility of entering the bond market again.”
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