Tenaris S.A. (NYSE:TS) Declares Dividend of $1.20

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 payment by an average of 0.1%per year over the last three years. Tenaris has a dividend payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 7.5%

Shares of NYSE TS traded up $3.74 during trading on Thursday, reaching $53.47. 3,941,927 shares of the company traded hands, compared to its average volume of 1,461,235. The firm has a 50 day simple moving average of $42.55 and a 200-day simple moving average of $39.05. The stock has a market capitalization of $31.09 billion, a PE ratio of 14.37, a P/E/G ratio of 13.08 and a beta of 0.95. Tenaris has a 52-week low of $30.06 and a 52-week high of $54.60.

Tenaris (NYSE:TS) last released its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Tenaris had a net margin of 16.91% and a return on equity of 11.72%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, research analysts predict that Tenaris will post 3.14 EPS for the current year.

Hedge Funds Weigh In On Tenaris

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in shares of Tenaris by 1,994.8% during the second quarter. Osaic Holdings Inc. now owns 36,722 shares of the industrial products company’s stock valued at $1,434,000 after buying an additional 34,969 shares during the last quarter. Jump Financial LLC purchased a new stake in Tenaris in the second quarter valued at approximately $9,380,000. New York State Common Retirement Fund purchased a new position in Tenaris during the 2nd quarter worth approximately $1,539,000. KLP Kapitalforvaltning AS lifted its stake in Tenaris by 183.3% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 85,000 shares of the industrial products company’s stock valued at $3,040,000 after acquiring an additional 55,000 shares during the period. Finally, ABC Arbitrage SA increased its stake in shares of Tenaris by 65.9% in the third quarter. ABC Arbitrage SA now owns 775,204 shares of the industrial products company’s stock worth $27,729,000 after acquiring an additional 307,936 shares during the period. 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.