Turkcell Announces 8.8 Billion TL Dividend Proposal for 2025

On March 18, 2026, Turkcell İletişim Hizmetleri A.Ş. (TCELL) officially released its profit distribution proposal for the 2025 fiscal year. The Board of Directors has moved to distribute a total gross cash dividend of 8.8 billion TL, signaling strong financial health and a commitment to shareholder returns despite the volatile economic landscape of early 2026.

This proposal will be submitted for final approval at the Ordinary General Assembly meeting scheduled for May 7, 2026.

Turkcell Dividend Breakdown: Gross vs. Net Returns

The distribution applies to both Group A and Group B shares. For investors holding the 1 TL nominal value shares (TCELL), the breakdown is as follows:

• Gross Dividend per Share: 4.0000000 TL

• Gross Distribution Rate: 400%

• Withholding Tax (Stopaj): 15%

• Net Dividend per Share: 3.4000000 TL

• Net Distribution Rate: 340%

Key Dates for Investors

Investors should mark their calendars for the following administrative and payment milestones:

1. General Assembly Meeting: May 7, 2026 (Approval of the proposal).

2. Proposed Payment Start Date: December 9, 2026.

3. Stock Impact: Dividends are typically reflected in the stock price adjustment on the “ex-dividend” date, which will be finalized following the General Assembly.

Strategic Context: Why 8.8 Billion TL?

Turkcell’s 2025 performance was bolstered by a significant increase in digital service subscriptions and the expansion of its 5G-ready infrastructure. By proposing a 400% gross dividend, the company aims to maintain its status as a “dividend aristocrat” on the Borsa Istanbul (BIST), providing a reliable yield for long-term institutional and retail investors.

Market Analyst Perspective

At current market prices, a net dividend of 3.40 TL offers a competitive yield. However, since the payment is scheduled for late 2026 (December), investors will be looking at how this payout interacts with inflation expectations toward the end of the year.