Turkcell Iletisim Hizmetleri AS (TKC) to Distribute Annual Dividend of $0.22 on December 17th

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) announced an annual dividend on Thursday, September 17th. Stockholders of record on Thursday, December 10th will be given a dividend of 0.2168 per share by the Wireless communications provider on Thursday, December 17th. This represents a dividend yield of 425.0%. The ex-dividend date is Thursday, December 10th.

Turkcell Iletisim Hizmetleri AS has raised its dividend payment by an average of 0.1%per year over the last three years. Turkcell Iletisim Hizmetleri AS has a dividend payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Turkcell Iletisim Hizmetleri AS to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.07 annual dividend with an expected future payout ratio of 6.4%.

Turkcell Iletisim Hizmetleri AS Trading Up 0.1%

Shares of TKC opened at $5.11 on Friday. Turkcell Iletisim Hizmetleri AS has a 1 year low of $4.82 and a 1 year high of $7.18. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $5.43 and a 200-day simple moving average of $5.87. The stock has a market cap of $4.49 billion, a PE ratio of 10.42 and a beta of 0.95.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%.The business had revenue of $1.58 billion for the quarter. On average, sell-side analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Turkcell Iletisim Hizmetleri AS

Turkcell ?leti?im Hizmetleri A.?. is a telecommunications and technology company headquartered in Istanbul, Türkiye. Founded in 1994, the company operates one of Türkiye’s major mobile communications networks and provides wireless voice, messaging and data services to individual and business customers.

In addition to mobile connectivity, Turkcell offers fixed broadband, fiber internet, pay television and other digital services. Its portfolio includes cloud and data-center services, cybersecurity, digital communication and content platforms, and technology solutions for corporate and government customers.