Turkcell Iletisim Hizmetleri AS (NYSE:TKC) announced an annual dividend on Monday, November 27th, Wall Street Journal reports. Investors of record on Monday, December 18th will be paid a dividend of 0.2887 per share by the Wireless communications provider on Tuesday, December 26th. This represents a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, December 15th. This is a boost from Turkcell Iletisim Hizmetleri AS’s previous annual dividend of $0.14.

Turkcell Iletisim Hizmetleri AS has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Turkcell Iletisim Hizmetleri AS to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 28.7%.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE TKC) traded down $0.10 during trading on Monday, hitting $9.13. The company had a trading volume of 198,154 shares, compared to its average volume of 521,755. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.53. Turkcell Iletisim Hizmetleri AS has a twelve month low of $6.35 and a twelve month high of $9.79. The firm has a market capitalization of $8,122.40, a PE ratio of 11.54 and a beta of 0.97.

A number of brokerages recently commented on TKC. Zacks Investment Research cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. BidaskClub raised Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet upgraded Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Turkcell Iletisim Hizmetleri AS currently has an average rating of “Buy” and an average price target of $10.00.

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About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

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