5 Biggest Dividend Cuts and Suspensions of 2023

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

Number of Hedge Fund Holders: 121

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) tops our list of companies that have announced recent dividend cuts. The global semiconductor company slashed its dividend by 4.8%. It currently pays a quarterly dividend of $0.489 per share and has a dividend yield of 1.99%, as of October 11.

The number of hedge funds in Insider Monkey’s database owning stakes in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) grew to 121, from 102 in the previous quarter. The consolidated value of these stakes is roughly $9.7 billion.

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