Tenaris S.A. (TS) To Go Ex-Dividend on May 19th

Tenaris S.A. (NYSE:TS) declared a dividend on Wednesday, February 18th. Shareholders of record on Tuesday, May 19th will be paid a dividend of 1.20 per share by the industrial products company on Wednesday, May 20th. This represents a yield of 450.0%. The ex-dividend date of this dividend is Tuesday, May 19th.

Tenaris has raised its dividend by an average of 0.1%annually over the last three years. Tenaris has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tenaris to earn $3.32 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 34.9%.

Tenaris Trading Up 7.9%

NYSE:TS opened at $53.64 on Friday. The company has a 50-day moving average price of $42.81 and a 200-day moving average price of $39.15. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 13.18 and a beta of 0.95. Tenaris has a 12 month low of $30.06 and a 12 month high of $54.60.

Tenaris (NYSE:TS) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tenaris had a net margin of 16.13% and a return on equity of 11.27%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. Tenaris’s revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Tenaris will post 3.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TS. BSW Wealth Partners increased its position in shares of Tenaris by 3.0% during the fourth quarter. BSW Wealth Partners now owns 7,924 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 232 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Tenaris by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,469 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 241 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Tenaris by 4.2% during the second quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock valued at $314,000 after buying an additional 338 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Tenaris by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 17,229 shares of the industrial products company’s stock valued at $616,000 after buying an additional 352 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Tenaris by 26.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the industrial products company’s stock worth $66,000 after buying an additional 353 shares in the last quarter. Institutional investors own 10.45% of the company’s stock.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.