107 Stock Exchange Companies Will Distribute Dividends

Companies that trade on the stock exchange have announced the amount of dividends they will pay out based on last year's profits. It was noted that 107 stock exchange companies will distribute a total of 57.3 billion TL in net dividends. In order to benefit from these dividends, it will be sufficient to own a share on the day before the payment date.

According to the news of Ufuk Korcan from Dünya Newspaper, 107 companies in Turkey announced that they will distribute dividends this year. It was stated that the gross dividend amount announced to be distributed by these companies with a total market value of over 1.2 trillion TL will be 63.7 billion TL, and the net dividend amount will be 57.3 billion TL in total.

While the US Federal Reserve decided to increase interest rates, it was given the impression that interest rates would be trending upwards for the rest of the year. The Central Bank of the Republic of Turkey (CBRT) did not change the policy rates as expected. Borsa Istanbul rose above 2,100 points. Despite high inflation, the relatively low interest rates in fixed-income instruments such as deposits pushed investors to search for new ones. For this reason, the stock has taken a step forward.

In addition to the increase in value when buying stocks, the dividend yield is also of great importance, especially for investors in developed countries. With the increase in financial literacy in recent years, some domestic investors have started to pay attention to dividends.

It was noted that the company with the highest dividend yield among the companies that announced the decision to distribute dividends was Ereğli Demir Çelik (Erdemir).

Erdemir, which will distribute a net dividend of 14 billion TL on March 22, has a dividend yield of 13 percent.

Ege Seramik follows Erdemir with a dividend yield of 11.6 percent.

İsdemir ranks third with a dividend yield of 10.8 percent.

İsdemir will pay a dividend of 7.8 billion TL on March 22.

In order to benefit from these dividends, it will be sufficient to own stock on the day before the payment date.