Top Turkish (BIST) Dividend Stocks

Top Turkish (BIST) Dividend Stocks

UPDATED Jun 28, 2022

What are the best Turkish (BIST) Dividend Stocks?

According to our Simply Wall St analysis these are the best Turkish dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.

Our criteria to find Top Dividend Companies

High Yield

  • Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
  • Yields vary between markets, so we focus on the top dividend payers in each market.

What do we look for?

  • Is the yield in the top 25% of the market's dividend payers.

Consistent Dividends

  • Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
  • If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.

What do we look for?

  • Has the dividend been stable over the last 10 years.
  • Has the dividend grown over the last 10 years.

Dividend Cover

  • Ideally the company doesn't pay out all of its earnings, neglecting future growth.
  • If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.

What do we look for?

  • Are dividends covered by earnings.
  • Are dividends forecast to be covered by earnings in the future.

Healthy Balance Sheet

  • Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.

What do we look for?

  • Does the company have a manageable level of debt.
  • Is the company able to cover its interest repayments.

9 companies meet this criteria in the Turkish market

Ford Otomotiv Sanayi A.S. manufactures, assembles, imports, exports, and sells motor vehicles and spare parts in Turkey.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: FROTO's dividend (4.51%) is in the top 25% of dividend payers in the TR market (3.6%)

  • Notable Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (10.3x) is below the TR market (10.7x)

  • Earnings are forecast to grow 21.99% per year

  • Earnings grew by 81.7% over the past year

Risks

  • Has a high level of debt

View all Risks and Rewards

Otokar Otomotiv ve Savunma Sanayi A.S. engages in manufacturing and selling commercial vehicles in Turkey.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: OTKAR's dividend (4.73%) is in the top 25% of dividend payers in the TR market (3.6%)

  • Notable Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (9.3x) is below the TR market (10.7x)

  • Earnings are forecast to grow 27.77% per year

  • Earnings have grown 51.6% per year over the past 5 years

Risks

  • Has a high level of debt

View all Risks and Rewards

Coca-Cola Içecek Anonim Sirketi, together with its subsidiaries, engages in bottling and distributing of alcohol-free beverages primarily in Turkey, Pakistan, Central Asia, and the Middle East.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: CCOLA's dividend (1.77%) is low compared to the top 25% of dividend payers in the TR market (3.6%).

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 21.3% below our estimate of its fair value

  • Earnings are forecast to grow 34.65% per year

  • Earnings grew by 65.6% over the past year

Risks

  • Has a high level of debt

View all Risks and Rewards

BIM Birlesik Magazalar A.S., together with its subsidiaries, operates retail stores in Turkey, Morocco, and Egypt.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: BIMAS's dividend (2.38%) is low compared to the top 25% of dividend payers in the TR market (3.6%).

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 15.7% below our estimate of its fair value

  • Earnings are forecast to grow 25.91% per year

  • Earnings grew by 25.5% over the past year

Risks

No risks detected for BIMAS from our risks checks.

View all Risks and Rewards

Tofas Türk Otomobil Fabrikasi Anonim Sirketi manufactures and sells passenger cars and light commercial vehicles in Turkey.

Dividend Criteria

  • Earnings Coverage

  • Future Dividend Coverage

  • High Dividend: TOASO's dividend (10.06%) is in the top 25% of dividend payers in the TR market (3.6%)

  • Notable Dividend

  • Growing Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (8.4x) is below the TR market (10.7x)

  • Earnings are forecast to grow 16.24% per year

  • Earnings grew by 84.6% over the past year

Risks

  • Has a high level of debt

View all Risks and Rewards

Dogus Otomotiv Servis ve Ticaret A.S., together with its subsidiaries, operates as an automotive importer and distributor in Turkey.

Dividend Criteria

  • Earnings Coverage

  • Future Dividend Coverage

  • High Dividend: DOAS's dividend (7.24%) is in the top 25% of dividend payers in the TR market (3.6%)

  • Notable Dividend

  • Growing Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (5.3x) is below the TR market (10.7x)

  • Earnings are forecast to grow 13.89% per year

  • Earnings grew by 121.4% over the past year

Risks

  • Volatile share price over the past 3 months

View all Risks and Rewards

Vestel Beyaz Esya Sanayi ve Ticaret A.S. manufactures electronics and household appliances in Turkey, Europe, and internationally.

Dividend Criteria

  • Earnings Coverage

  • Future Dividend Coverage

  • High Dividend: VESBE's dividend (4.42%) is in the top 25% of dividend payers in the TR market (3.6%)

  • Notable Dividend

  • Growing Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 22.8% below our estimate of its fair value

  • Earnings are forecast to grow 27.35% per year

  • Earnings have grown 38.6% per year over the past 5 years

Risks

  • Profit margins (9.6%) are lower than last year (14%)

  • Has a high level of debt

View all Risks and Rewards

Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi, together with its subsidiaries, engages in the production, bottling, distribution, and sale of beer, malt, and non-alcoholic beverages in Turkey and internationally.

Dividend Criteria

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: AEFES's dividend (6.78%) is in the top 25% of dividend payers in the TR market (3.6%)

  • Notable Dividend

  • Earnings Coverage

  • Stable Dividend

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (25.3x) is below the Beverage industry average (26.1x)

  • Earnings are forecast to grow 39.96% per year

Risks

  • Profit margins (1.4%) are lower than last year (4.3%)

  • Large one-off items impacting financial results

View all Risks and Rewards
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