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Taiwan Dollar Set to Face Pressure From Record Dividend Payouts

Taiwan Dollar Set to Face Pressure From Record Dividend Payouts
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Taiwan Dollar Set to Face Pressure From Record Dividend Payouts The Taiwan dollar, which is on track for its first quarterly gain in a year, may face renewed pressure as the US currency strengthens and local companies boost dividend payouts to a record. Domestic firms are set to pay out more than NT$2.5 trillion ($78.5 billion) in cash dividends this year, according to data from the Taiwan Stock Exchange, the largest amount ever in Bloomberg-compiled data going back to 1990. Foreign-exchange...

Taiwan Dollar Set to Face Pressure From Record Dividend Payouts The Taiwan dollar, which is on track for its first quarterly gain in a year, may face renewed pressure as the US currency strengthens and local companies boost dividend payouts to a record. Domestic firms are set to pay out more than NT$2.5 trillion ($78.5 billion) in cash dividends this year, according to data from the Taiwan Stock Exchange, the largest amount ever in Bloomberg-compiled data going back to 1990. Foreign-exchange conversions by overseas investors repatriating the funds are expected to add to near-term volatility in the local currency.
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Originally published by Bloomberg Markets Read original →