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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) announced an annual dividend on Thursday, September 17th. Shareholders 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 yield of 425.0%. The ex-dividend date is Thursday, December 10th.

Turkcell Iletisim Hizmetleri AS has increased 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. 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 Stock Performance

Shares of NYSE TKC traded up $0.01 during midday trading on Friday, reaching $5.11. The company’s stock had a trading volume of 2,162,492 shares, compared to its average volume of 1,657,982. The firm has a 50 day moving average price of $5.44 and a 200-day moving average price of $5.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 1.48. Turkcell Iletisim Hizmetleri AS has a 12-month low of $4.82 and a 12-month high of $7.18. The stock has a market capitalization of $4.49 billion, a P/E ratio of 10.42 and a beta of 0.95.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) 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. As a group, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.