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7.2 Central Bank policy rate
7.3 Stock market
7.3.1 Equity market dynamics
7.3.2 Dividend dynamics
On January 29, banking association TBB said that banking watchdog BDDK has allowed the local banks to distribute 10% of their 2020 profits. The payment of dividends was not allowed in 2018 or 2019.
Erdemir (EREGL) will distribute 12% gross dividend per share.
Ford Otosan (FROTO), a 39:41 JV between Turkey's Koc Holding and Ford Motor Company, will on March 26 distribute TRY5.46 net cash dividend per share.
Arcelik (ARCLK) will on March 29 distribute a TRY1.89 net dividend per share. Tyre-maker Brisa (BRISA), a 43.63:43.63 JV between one of Turkey’s largest
31 TURKEY Country Report March 2021 www.intellinews.com