PC İletişim Proposes Historic 253% Dividend Payout to Shareholders

PC İletişim and Media Services is taking center stage in capital markets with a rare cash distribution move based on its 2025 fiscal results. The company management has proposed a total cash dividend payment of 300 million TRY to its shareholders, promising a return far exceeding the nominal value.

Record Yield Rate Surpassing Nominal Value

The proposal in question stands out with quite striking data in terms of market dynamics. The company plans to pay a gross of 2.5348542 TRY and a net of 2.1546260 TRY per share with a nominal value of 1 TRY. These figures imply the following:

■The gross dividend yield reaches 253.48542% relative to the nominal value.

■The net return rate after tax withholding for Group B shares is calculated as 215.4626%.

■The total amount to be distributed is set at 300 million TRY in cash.

Financial Backing in Accounting Data

Behind this massive distribution lie strong financial statements prepared both in accordance with TFRS standards and the Tax Procedure Law. The company's 2025 performance clearly reveals its dividend payment capacity:

■Net period profit according to TFRS principles was recorded as 467,056,471.00 TRY.

■Net distributable period profit including donations reached 465,950,911.49 TRY.

■Distributable profit according to legal financial statements was announced as 422,822,785.90 TRY.

Voting and Payment Schedule Set

The legal process has been initiated for the decision taken unanimously by the Board of Directors to come to life. Dividend eligibility and payment dates are already shaping the investors' calendar:

■The Ordinary General Assembly Meeting will be held on August 5, 2026, for the approval of the proposal.

■The date to start trading without dividend rights (ex-date) is set as August 10, 2026.

■The date for cash payments to reflect in accounts was announced as August 12, 2026.

In companies we categorize as dividend champions, gross distribution rates exceeding the 250% band usually signal one of two scenarios: either the company is determined to transfer a large portion of the cash they hold to their shareholders, or they are following a strategy to reduce their cost of capital. PC İletişim's decision to distribute a significant portion of its 467 million TRY net profit may create positive pressure on the stock price in the short term, but investors must also question the sustainability of this high cash flow.