Does Turkcell (TKC) Pay a Dividend? (2026)
Last updated November 2026
Short answer
Yes. Turkcell (TKC) pays a dividend yielding about 2.31% as of November 2026, paid twice a year. The latest payment on record was $0.11 per share, ex-dividend December 29, 2025. The forward annual rate is roughly $0.11 per share, about $231 a year on a $10,000 position before tax. The payout takes about 18% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does Turkcell (TKC) pay a dividend?
Yes. Turkcell distributes a dividend yielding roughly 2.31% as of November 2026, paid twice a year. The most recent payment on record was $0.11 per share, with an ex-dividend date of December 29, 2025. Annualized, that is about $0.11 per share.
Every operating figure is reported in Turkish lira and restated under IAS 29 inflation accounting, so the growth rates above are real rather than nominal, and restatement has moved the FY2025 revenue figure to ~TRY 218 billion from the ~TRY 241.5 billion first reported. At $4.90 the ADR trades at about 9 times trailing earnings and well under book value, a discount that reflects lira risk, state control and the 5G cash outflow. Guidance for 2026 remains real revenue growth of ~5% to ~7%, an EBITDA margin of ~40% to ~42% and capex intensity near ~25% of revenue, and the two analysts tracked by Yahoo Finance have a mean target of about $7.41.
TKC dividend at a glance
| 2025-12-29 | $0.106 |
| 2025-06-23 | $0.115 |
| 2024-12-06 | $0.426 |
| 2023-12-20 | $0.095 |
| 2022-07-26 | $0.083 |
| 2021-10-29 | $0.11 |
TKC dividend data as of November 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with TKC's investor relations page before relying on it.
Is the TKC dividend covered?
Turkcell paid out about 18% of its earnings as dividends, so the payout is very well covered. A low ratio means the dividend has plenty of room and the company is keeping most of its profit to reinvest or buy back stock, which is also why the yield is modest.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the TKC dividend has changed
The latest payment of $0.11 per share compares with $0.43 in the equivalent payment a year earlier (December 6, 2024). We are not quoting a growth rate from those two figures, because a change that large usually means a share split or a gap in the stored history. A real raise is the less likely explanation.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on TKC's investor relations page.
What TKC's dividend means for you
- Income: about $231 a year per $10,000 invested, before tax. Work it out for your own amount, and see what TKC has paid in the last 10 years.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for TKC the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding; the stock return calculator shows both together.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How TKC dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates, which are lower than ordinary-income rates, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the TKC dividend
Turkcell (TKC) pays about 2.31%, or roughly $0.11 per share a year. At that level the dividend is a modest supplement, and the case for owning it rests on total return. For the full picture see the TKC guide. Walnut can show how TKC fits your real portfolio. It is not an investment adviser.
Investing in Turkcell with AI
Connect the broker you already use and ask Walnut's AI how TKC fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does Turkcell (TKC) pay a dividend?
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Yes. Turkcell pays a dividend yielding roughly 2.31% as of November 2026, paid twice a year. The most recent payment on record was $0.11 per share with an ex-dividend date of December 29, 2025. That works out to a forward annual rate of about $0.11 per share. Yields move with the share price, so verify the current figure with your broker or TKC's investor relations page before relying on it.
What is TKC's dividend yield?
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About 2.31% as of November 2026. On a $10,000 position that is roughly $231 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so TKC yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does TKC pay its dividend?
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Turkcell pays twice a year. The most recent payment on record had an ex-dividend date of December 29, 2025. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on TKC's investor relations page, because boards can change both the amount and the timing.
When is TKC's ex-dividend date?
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The ex-dividend date recorded in our November 2026 data pull is December 10, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check TKC's investor relations page for the next confirmed date.
Has Turkcell raised its dividend recently?
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Not in the last year. The latest payment of $0.11 per share is below the $0.43 paid a year earlier. A flat dividend is not necessarily a warning sign, but it does mean the income is losing ground to inflation.
Is TKC's dividend safe?
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Turkcell paid out about 18% of its earnings as dividends, so the payout is very well covered. A low ratio means the dividend has plenty of room and the company is keeping most of its profit to reinvest or buy back stock, which is also why the yield is modest. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in TKC?
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At a yield of about 2.31%, roughly $231 a year before tax, spread across 2 payments. The figure is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are TKC dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest TKC dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each TKC payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does TKC pay a dividend?
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Turkcell's board approved a payout ratio of about ~50% of distributable income, and the lira dividend is converted to dollars by the depositary before reaching ADR holders. Turkish withholding tax and depositary service fees both reduce what lands in a US brokerage account, and the dollar amount varies with the exchange rate. Trailing distributions of about $0.11 per ADR equal a yield near 2.1% at the October 16, 2026 price.
Walnut is informational, not investment advice. Dividend figures on this page come from a November 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with TKC's investor relations page or your broker before acting on them.