Billionaire Ken Fisher’s Top 5 Dividend Stock Picks

In this article, we discuss billionaire Ken Fisher’s top 5 dividend stock picks. If you want to read our detailed analysis of Fisher’s hedge fund and his investment philosophy, go directly to read Billionaire Ken Fisher’s Top 15 Dividend Stock Picks. 

5. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fisher Asset Management’s Stake Value: $2,346,771,000
Dividend Yield as of May 16: 2.62%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwan-based semiconductor manufacturing and design company. The company currently offers a quarterly dividend of $0.4294 per share and has a dividend yield of 2.62%, as of May 15.

During Q1 2023, Fisher Asset Management boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4% and the firm’s total TSM stake amounted to over $2.3 billion. The company is among the top dividend stock picks of billionaire Ken Fisher as it represented 1.42% of his 13F portfolio.

As of the end of December 2022, 86 hedge funds in Insider Monkey’s database reported having stakes in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), compared with 87 in the previous quarter. These stakes have a consolidated value of over $10.2 billion.

Wedgewood Partners mentioned Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q1 2023 investor letter. Here is what the firm has to say:

“Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) contributed to performance as revenues grew +27% (in USD) from the year ago quarter. Despite this strength, the Company’s customers have seen near-term weakness in demand due to Covid-19 normalization as well as the launch timing of new products. However, the Company is well-positioned to continue a long-term growth trajectory because its leading-edge capacity is being absorbed by high-performance computing applications, particularly at nontraditional integrated circuit (IC) design houses, such as Apple, Alphabet and Amazon, which have become IC-design powerhouses over the past decade. Importantly, the Company’s aggressive investment in leading-edge equipment, tight development with fabless IC designers, and embrace of open development libraries, should continue to foster a superior competitive position and attractive long-term growth.”