Turkcell Iletisim Hizmetleri AS (NYSE:TKC) to Issue $0.22 Annual Dividend

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

Turkcell Iletisim Hizmetleri AS has raised its dividend payment by an average of 0.1%annually over the last three years. Turkcell Iletisim Hizmetleri AS has a payout ratio of 5.9% meaning 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%

TKC stock traded up $0.01 during midday trading on Friday, reaching $5.11. The stock had a trading volume of 2,092,788 shares, compared to its average volume of 1,657,755. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. Turkcell Iletisim Hizmetleri AS has a twelve month low of $4.82 and a twelve month high of $7.18. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 10.42 and a beta of 0.95. The business has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $5.87.

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

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.