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%).
| Metric | KSPI | TSM |
|---|---|---|
| Forward yield | 5.91% | 0.95% |
| Annual dividend | $5.74 | $4.08 |
| Payout ratio | 31% | 26% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | — | 12.8% |
| 5-yr total return | — | — |
| Dividend safety score | — | 68 (B) |
| Fair value estimate | $197.27 | $484.55 |
| Upside to fair value | +97% | +12% |
| Frequency | quarterly | quarterly |
| Market cap | $19.0B | $2.2T |
| P/E ratio | 8.2 | 31.6 |
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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