Kaspi.kz Raises Quarterly Dividend 19.52% to 2.149 a Share

Joint Stock Company Kaspi.kz increased its quarterly dividend to 2.149 per share from 1.798, a 19.52% rise. The Nasdaq-listed shares traded ex-dividend on Sept. 10, 2026.

The event data put the forward annual yield at 5.74%. That figure describes the indicated income rate on a forward basis and does not guarantee future distributions, which remain subject to corporate approval and operating conditions.

Business and dividend context

Kaspi.kz’s board placed the payment of a dividend and approval of the amount per common share on the agenda for a September extraordinary general meeting. The meeting notice did not provide an extended explanation for the proposed distribution. The SEC-filed notice shows that shareholder approval is part of the company’s dividend process.

Earlier in 2026, shareholders approved a separate distribution for the first quarter, illustrating Kaspi.kz’s practice of considering dividends through extraordinary shareholder meetings. That payment was approved in cash, according to the company’s June EGM results filed with the SEC.

Management provided broader context for its capital returns in its first-quarter results. Chief Executive Mikheil Lomtadze said an earlier dividend recommendation reflected confidence in the company’s cash generation and growth outlook. The company also described itself as a profitable, dividend-paying platform with multiple growth engines. Those remarks addressed the broader payout policy rather than specifically explaining the September increase. Kaspi.kz’s first-quarter report also highlighted growth in e-commerce and continued expansion in Türkiye.

Kaspi.kz operates consumer and merchant “Super Apps” in Kazakhstan, combining payments, marketplace and fintech services. Since 2025, the group has also operated the Hepsiburada marketplace in Türkiye, expanding its business beyond its home market, according to its interim financial filing.

What it means for income investors

The higher quarterly rate increases the cash distribution attached to this dividend event, while the reported forward annual yield is 5.74%. However, the supplied record shows no consecutive annual dividend-growth streak. The increase is therefore better viewed as a single quarterly step-up than as evidence of an established multiyear growth pattern. Future payments will continue to depend on company approvals and financial performance.