Turkcell Iletisim Hizmetleri A.S. (TKC) Announces Annual Dividend of $0.12

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) announced an annual dividend on Wednesday, November 21st, Zacks reports. Stockholders of record on Tuesday, December 18th will be paid a dividend of 0.115 per share by the Wireless communications provider on Wednesday, December 26th. This represents a dividend yield of 2.09%. The ex-dividend date is Monday, December 17th.

Turkcell Iletisim Hizmetleri A.S. has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Turkcell Iletisim Hizmetleri A.S. to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 19.7%.

TKC stock opened at $5.55 on Friday. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $3.93 and a 12 month high of $11.29. The firm has a market capitalization of $4.88 billion, a P/E ratio of 7.12 and a beta of 0.46. The company has a quick ratio of 1.55, a current ratio of 1.56 and a debt-to-equity ratio of 1.00.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings results on Wednesday, October 24th. The Wireless communications provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.19. Turkcell Iletisim Hizmetleri A.S. had a net margin of 7.04% and a return on equity of 12.65%. The firm had revenue of $993.40 million during the quarter. On average, equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.63 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “sell” rating in a research report on Thursday, November 22nd. JPMorgan Chase & Co. downgraded shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research report on Monday, September 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Turkcell Iletisim Hizmetleri A.S. currently has a consensus rating of “Hold” and a consensus price target of $6.75.

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Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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Dividend History for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

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