Turkcell Iletisim Hizmetleri AS Declares Annual Dividend of $0.22 (NYSE:TKC)

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) declared an annual dividend on Thursday, September 17th. Investors 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 of this dividend is Thursday, December 10th.

Turkcell Iletisim Hizmetleri AS has raised its dividend by an average of 0.1%annually 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. Equities 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%

Turkcell Iletisim Hizmetleri AS stock traded up $0.01 during mid-day trading on Friday, hitting $5.11. 2,092,788 shares of the stock were exchanged, 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 12 month low of $4.82 and a 12 month high of $7.18. The firm’s fifty day simple moving average is $5.44 and its two-hundred day simple moving average is $5.87. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 10.42 and a beta of 0.95.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%. The company had revenue of $1.58 billion during the quarter. Analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current year.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell İletişim Hizmetleri A.Ş. 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.