SmarterDividends

KSPI vs TSM: Which Is the Better Dividend Stock?

As of September 2026, KSPI (Joint Stock Company Kaspi.kz) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. KSPI offers the higher yield at 5.91%, TSM has the higher dividend-safety score, and KSPI trades at the larger discount to fair value (+97%).

MetricKSPITSM
Forward yield5.91%0.95%
Annual dividend$5.74$4.08
Payout ratio31%26%
Years of growth0 yr2 yr
5-yr dividend growth12.8%
5-yr total return
Dividend safety score68 (B)
Fair value estimate$197.27$484.55
Upside to fair value+97%+12%
Frequencyquarterlyquarterly
Market cap$19.0B$2.2T
P/E ratio8.231.6

Higher yield

KSPI

5.91%

Safer dividend

TSM

Grade B

Faster growth

TSM

12.8%

Better value

KSPI

+97% upside

KSPI vs TSM — FAQ

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