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

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 is Tuesday, November 19th.

Tenaris has raised its dividend payment by an average of 97.6% annually over the last three years. Tenaris has a payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE TS opened at $37.00 on Friday. The company has a market capitalization of $21.51 billion, a price-to-earnings ratio of 8.06 and a beta of 1.43. Tenaris has a 12 month low of $27.24 and a 12 month high of $40.72. The company’s fifty day moving average price is $32.14 and its two-hundred day moving average price is $31.48.

Analysts Set New Price Targets

TS has been the subject of a number of research reports. Stifel Nicolaus decreased their price target on Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research note 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Tenaris has a consensus rating of “Hold” and a consensus 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.