Turkcell Iletisim Hizmetleri AS (TKC) To Go Ex-Dividend on December 29th

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) announced a — dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Monday, December 29th will be paid a dividend of 0.0866 per share by the Wireless communications provider on Wednesday, January 7th. This represents a yield of 290.0%. The ex-dividend date of this dividend is Monday, December 29th.

Turkcell Iletisim Hizmetleri AS has decreased its dividend by an average of 0.0%annually over the last three years. Turkcell Iletisim Hizmetleri AS has a dividend payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Turkcell Iletisim Hizmetleri AS to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 21.0%.

Turkcell Iletisim Hizmetleri AS Price Performance

NYSE:TKC opened at $5.73 on Friday. Turkcell Iletisim Hizmetleri AS has a 12-month low of $5.35 and a 12-month high of $7.63. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 15.47 and a beta of 0.96. The stock’s 50 day moving average price is $5.83 and its two-hundred day moving average price is $5.86. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.49.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its earnings results on Friday, November 7th. The Wireless communications provider reported $0.15 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.47% and a net margin of 7.52%.The business had revenue of $1.43 billion for the quarter. On average, analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TKC shares. Wall Street Zen upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.