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

Tenaris S.A. (NYSE:TS) declared a Semi-Annual dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders 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. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, November 19th.

Tenaris has increased its dividend payment by an average of 97.6% per year over the last three years. Tenaris has a payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tenaris to earn $3.34 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 32.3%.

Tenaris Stock Up 0.1 %

Shares of NYSE:TS opened at $37.00 on Friday. Tenaris has a fifty-two week low of $27.24 and a fifty-two week high of $40.72. The company has a market cap of $21.51 billion, a PE ratio of 8.06 and a beta of 1.43. The company’s 50-day moving average price is $32.14 and its 200 day moving average price is $31.48.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, October 11th. StockNews.com upgraded Tenaris from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.67.

Tenaris Company Profile

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.