Turkcell Iletisim Hizmetleri A.S. Announces Dividend of $0.09 (NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) announced a dividend on Tuesday, June 17th, investing.com reports. Stockholders of record on Tuesday, June 24th will be paid a dividend of 0.0866 per share by the Wireless communications provider on Tuesday, July 1st. This represents a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, June 23rd.

Turkcell Iletisim Hizmetleri A.S. has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Turkcell Iletisim Hizmetleri A.S. to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 29.6%.

Turkcell Iletisim Hizmetleri A.S. Stock Up 2.0%

Shares of Turkcell Iletisim Hizmetleri A.S. stock opened at $5.99 on Tuesday. The business has a 50-day moving average of $6.13 and a 200-day moving average of $6.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The company has a market capitalization of $5.27 billion, a PE ratio of 4.07 and a beta of 0.90. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $5.66 and a 1-year high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last announced its earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share for the quarter. The company had revenue of $1.19 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. As a group, equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 20th.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

An institutional investor recently bought a new position in Turkcell Iletisim Hizmetleri A.S. stock. Jane Street Group LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 57,479 shares of the Wireless communications provider's stock, valued at approximately $358,000.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.

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