About Joint Stock Company Kaspi.kz (KAKZF) — Dividend Analysis 2026
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides financial services primarily through the online mobile app in the Republic of Kazakhstan. The company operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment connects its customers comprising consumer and merchants to facilitate cashless and digital payment transactions. This segment also offers a technology platform to pay and receive payments for goods and services, as well as to transfer and withdraw money. The Marketplace Platform segment connects merchants and consumers enabling merchants to enhance its sales and enable consumers to buy a selection of products and services from various merchants. The Fintech Platform segment enables its consumers to manage its personal finances online and access consumer finance and deposit products primarily through the Kaspi.kz Super App. It is also involved in the e-commerce, banking, insurance, and asset management services; real estate business; and provision of online travel and payment processing services. The company was incorporated in 2008 and is based in Almaty, the Republic of Kazakhstan.
Is KAKZF a good dividend investment in 2026?
KAKZF offers a 6.67% forward yield with a 50% payout ratio. Strand Safety Score: 85/100 (Very Safe). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
KAKZF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your KAKZF portfolio grows to $10.47M vs $10.24M without reinvestment. This is the compound interest effect in action.
KAKZF dividend growth history & forecast
KAKZF has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 6.67%.
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 KAKZF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold KAKZF.
Gross yield
6.67%
Tax rate
15.00%
After-tax yield
5.67%
Real yield (−CPI)
2.87%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
6.67%
3.87%
$667 / yr
🇺🇸 US Taxable (15%) ✓
15%
5.67%
2.87%
$567 / yr
🇺🇸 US Taxable (20%)
20%
5.34%
2.54%
$534 / yr
🇬🇧 UK ISA
0%
6.67%
3.87%
$667 / yr
🇬🇧 UK Taxable
8.75%
6.09%
3.29%
$609 / yr
🇨🇦 TFSA
0%
6.67%
3.87%
$667 / yr
🇨🇦 CA Taxable
25%
5.00%
2.20%
$500 / yr
🇦🇺 Super (pension)
15%
5.67%
2.87%
$567 / yr
🇦🇺 AU Taxable
30%
4.67%
1.87%
$467 / yr
🇩🇪 DE Taxable
26.375%
4.91%
2.11%
$491 / yr
🇫🇷 FR Taxable
30%
4.67%
1.87%
$467 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 KAKZF Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your KAKZF investment of $97.10/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$571.29
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-1901.00
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in KAKZF for:
Shares needed
4,358
Capital required
$423,162
Monthly income
$2,000
Based on current dividend of $6.48/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 KAKZF Dividend Payment Schedule
KAKZF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$13.77 / payment
$55.08 / year after tax
100 shares
$137.70 / payment
$550.80 / year after tax
1,000 shares
$1377.00 / payment
$5508.00 / year after tax
📊 KAKZF vs Technology Benchmarks
How KAKZF compares to typical Technology averages.
Benchmark: Technology
Dividend Yield▲+5.27% vs sectorBetter
KAKZF
6.67%
avg
1.40%
5Y Dividend CAGR▼-59.40% vs sectorBelow avg
KAKZF
-50.00%
avg
9.40%
Payout Ratio▼+22.00% vs sectorBelow avg
KAKZF
50.00%
avg
28.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for KAKZF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ KAKZF Insider Activity
▼ 3 Sales
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
Kim Vyacheslav
director
Sale
2026-03-25
21,572
—
—
Kim Vyacheslav
director
Sale
2026-03-25
3,562
—
—
Kim Vyacheslav
director
Sale
2026-03-26
7,884
—
—
Nikvashvili Zurab
director
Other
2026-03-18
470
—
—
Nikvashvili Zurab
director
Other
2026-03-18
940
$0.01
$9.00
Gardner Douglas W
director
Other
2026-03-18
5,939
—
—
Didenko Yuri
officer: Deputy Chair (Cap. Markets)
Other
2026-03-18
1,838,378
—
—
Kim Vyacheslav
director, 10 percent owner:
Other
2026-03-18
39,457,265
—
—
Mosidze Tengiz
officer: Deputy Chairman, CFO
Other
2026-03-18
1,773,378
—
—
Gutkowski Szymon
director
Other
2026-03-18
17,778
—
—
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
🔬
Financial Health Scores
Altman Z-Score
2.39
⚠️ Grey Zone — monitor closely
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
7/9
✅ Strong fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
🟡
Net Insider Sentiment: Neutral0 buys · 3 sells · last 90 days
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the KAKZF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →