Tenaris S.A. Announces Semi-Annual Dividend of $0.54 (NYSE:TS)

Tenaris S.A. (NYSE:TS) declared a Semi-Annual dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, November 19th will be given a dividend of 0.54 per share by the industrial products company on Wednesday, November 20th. The ex-dividend date is Tuesday, November 19th.

Tenaris has raised its dividend by an average of 97.6% per year over the last three years. Tenaris has a payout ratio of 46.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tenaris to earn $3.14 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 51.0%.

Tenaris Stock Performance

TS opened at $36.81 on Friday. The firm has a market cap of $21.40 billion, a P/E ratio of 8.15 and a beta of 1.43. The firm has a 50-day moving average of $31.04 and a 200 day moving average of $31.43. Tenaris has a fifty-two week low of $27.24 and a fifty-two week high of $40.72.

Tenaris (NYSE:TS) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.18. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.76 billion. Tenaris had a net margin of 20.23% and a return on equity of 15.42%. Equities research analysts predict that Tenaris will post 3.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TS shares. Piper Sandler reduced their price target on shares of Tenaris from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. StockNews.com lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, Stifel Nicolaus cut their target price on shares of Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Tenaris presently has a consensus rating of “Hold” and a consensus price target of $38.67.

About Tenaris

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.