Tenaris S.A.
TNRSFEnergy · Stock · semiannual payer
Forward Yield
4.20%
Annual Dividend
$1.19
Payout Ratio
48%
5-Yr Growth
43.4%
Ex-Date
Nov 24, 2026
Frequency
Semiannual
Summary
As of September 2026, Tenaris S.A. (TNRSF) yields 4.20% ($1.19 per share annually), with a blended fair-value estimate of $47.97 — +69% upside, so it screens as undervalued. Dividend safety grade: C (52/100). 5 years of dividend growth.
Is TNRSF a good dividend stock?
MixedTenaris S.A. (TNRSF) pays a semiannual dividend yielding 4.20% ($1.19/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (48%)
- Strong 43.4% 5-yr dividend growth
- 173% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 4.20%
- Payout Ratio
- 48%
- Annual Dividend
- $1.19
- 5-Yr Avg Growth
- 43.4%
- Ex-Dividend Date
- Nov 24, 2026
- Years of Growth
- 5
- Frequency
- semiannual
- Beta
- 0.47
- Market Cap
- $28.6B
- P/E Ratio
- 15.1
- 5-Yr Total Return
- 173%
- 52-Week Range
- $17.10 – $28.45
- Dividend Safety
- C · 52/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
TNRSF Price — Last 12 Months
Daily close
Price Return
1 Year
+65%
3 Years
+72%
5 Years
+173%
52-Week Range
$17.10 – $28.45
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TNRSF worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Tenaris S.A. is $47.97 per share, versus a market price of $28.33. That implies 69% of upside — a margin of safety of about 41%.
Fair Value
$47.97
Current Price
$28.33
Upside
+69%
Margin of Safety
41%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 4.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 4.8% stage-1 growth, 2.5% terminal growth, $1.87 EPS, $1.19 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TNRSF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $0.6000 | regular |
| Nov 25, 2025 | — | $0.2900 | regular |
| May 20, 2025 | — | $0.5600 | regular |
| Nov 18, 2024 | — | $0.2700 | regular |
| May 20, 2024 | — | $0.4000 | regular |
| Nov 20, 2023 | — | $0.2000 | regular |
| May 22, 2023 | — | $0.3400 | regular |
| Nov 21, 2022 | — | $0.1700 | regular |
| May 23, 2022 | — | $0.2800 | regular |
| Nov 22, 2021 | — | $0.1300 | regular |
| May 24, 2021 | — | $0.1400 | regular |
| Nov 23, 2020 | — | $0.0700 | regular |
| Nov 18, 2019 | — | $0.1300 | regular |
| May 20, 2019 | — | $0.2800 | regular |
Income Calculator
At $1.19 / yr per share
