
Tenaris (TNRSF) Dividend
Tenaris S.A. · Energy · Oil & Gas Equipment & Services · semiannual payer
As of Nov 5, 2026, Tenaris (TNRSF) pays a twice-yearly dividend, or $0.89 a year, a 3.17% yield at its $29.15 share price. The next ex-dividend date is Nov 24, 2026, paid Dec 8, 2026. It has raised its dividend 5 years in a row and has a dividend safety grade of C.
Forward Yield
3.17%
Annual Dividend
$0.89
Payout Ratio
48%
5-Yr Growth
43.4%
Ex-Date
Nov 24, 2026
Frequency
Semiannual
Key facts about TNRSF's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Tenaris S.A. (TNRSF) has a forward dividend yield of 3.17%, based on an annual dividend of $0.89 per share and a share price of $29.15.
- As of Nov 5, 2026, TNRSF's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
- By SmarterDividends' count, Tenaris S.A. (TNRSF) has raised its dividend for 5 consecutive years as of Nov 5, 2026.
- TNRSF last cut its regular dividend in 2021.
- TNRSF's next ex-dividend date is Nov 24, 2026, with payment on Dec 8, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, TNRSF pays out 48% of its trailing 12-month earnings as dividends (its payout ratio).
- TNRSF's dividend has grown at an average rate of 43.4% a year over the past five years.
- As of Nov 5, 2026, TNRSF's 3.17% yield is 10% below its five-year average yield of 3.52%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TNRSF is $38.55 per share, 32% above the $29.15 share price, so TNRSF screens as undervalued.
- Tenaris S.A. (TNRSF) pays its dividend semiannual, 2 times a year.
Cite this page
SmarterDividends, "TNRSF Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TNRSF
Is TNRSF a good dividend stock?
MixedTenaris S.A. (TNRSF) pays a semiannual dividend yielding 3.17% ($0.89/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
- 212% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 3.17%
- Payout Ratio
- 48%
- Annual Dividend
- $0.89
- 5-Yr Avg Growth
- 43.4%
- Ex-Dividend Date
- Nov 24, 2026
- Years of Growth
- 5
- Frequency
- semiannual
- Beta
- 0.43
- Market Cap
- $29.4B
- P/E Ratio
- 15.5
- 5-Yr Total Return
- 212%
- 52-Week Range
- $18.80 – $30.53
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2021)
TNRSF dividend changes
Tenaris S.A. (TNRSF) pays a variable dividend: across the 26 payments on record since 2013, 10 were higher than the one before and 4 lower. The latest change was up 122.2% to $0.600 per share, going ex-dividend on May 19, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 19, 2026 | Higher | $0.270 → $0.600 | +122.2% |
| Nov 25, 2025 | Lower | $0.400 → $0.290 | −27.5% |
| Nov 18, 2024 | Higher | $0.200 → $0.270 | +35.0% |
| May 20, 2024 | Higher | $0.340 → $0.400 | +17.6% |
| Nov 20, 2023 | Higher | $0.170 → $0.200 | +17.6% |
| May 22, 2023 | Higher | $0.280 → $0.340 | +21.4% |
| Nov 21, 2022 | Higher | $0.130 → $0.170 | +30.8% |
| May 23, 2022 | Higher | $0.140 → $0.280 | +100.0% |
| Nov 22, 2021 | Higher | $0.0700 → $0.130 | +85.7% |
| May 24, 2021 | Higher | $0.130 → $0.140 | +7.7% |
| Nov 23, 2020 | Lower | $0.280 → $0.0700 | −75.0% |
| May 22, 2017 | Lower | $0.300 → $0.280 | −6.7% |
Frequently Asked Questions
Is TNRSF a good dividend stock?
Mixed. Tenaris S.A. (TNRSF) pays a semiannual dividend yielding 3.17% ($0.89/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.
Is TNRSF undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TNRSF's fair value is about $38.55 versus a $29.15 share price — so it looks undervalued (+32% vs. fair value).
Is TNRSF's dividend safe?
TNRSF has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2021, debt and yield-versus-history.
What is TNRSF's fair value?
Our blended fair-value estimate for TNRSF is about $38.55 per share, roughly 32% above the current $29.15 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is TNRSF a buy, hold, or sell?
We don't issue formal ratings, but on the data TNRSF screens as "mixed" and undervalued. Tenaris S.A. (TNRSF) pays a semiannual dividend yielding 3.17% ($0.89/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. This is research for your own analysis, not investment advice.
Will TNRSF cut its dividend?
TNRSF earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does TNRSF pay a dividend?
Yes. Tenaris S.A. pays a semiannual dividend of about $0.89 per share annually, a forward yield of roughly 3.17%.
How much dividend does 100 shares of TNRSF pay?
At $0.89 per share a year, 100 shares of TNRSF pay $89.00 a year in dividends before tax, about $44.50 every six months. Buying them costs about $2,915 at the Nov 5, 2026 price.
What is TNRSF's dividend yield?
As of Nov 5, 2026, TNRSF's forward dividend yield is 3.17%, based on a $0.89 annual dividend and a $29.15 share price.
What is TNRSF's dividend per share?
As of Nov 5, 2026, TNRSF pays $0.89 per share per year, distributed on a semiannual basis.
What is TNRSF's dividend payout ratio?
As of Nov 5, 2026, TNRSF's payout ratio is 48% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has TNRSF grown its dividend?
As of Nov 5, 2026, TNRSF has increased its dividend for 5 consecutive years.
When is the next TNRSF ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for TNRSF is Nov 24, 2026.
TNRSF Price — Last 12 Months
Daily close
Price Return
1 Year
+53%
3 Years
+82%
5 Years
+212%
52-Week Range
$18.80 – $30.53
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 $38.55 per share, versus a market price of $29.15. That implies 32% of upside — a margin of safety of about 24%.
Fair Value
$38.55
Current Price
$29.15
Upside
+32%
Margin of Safety
24%
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 -7.0% annual free-cash-flow growth. We model 4.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 4.2% growth for five years fading to 2.5% over the next five, $1.88 EPS, $0.89 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
Full TNRSF dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | May 20, 2026 | $0.6000 | regular |
| Nov 25, 2025 | Nov 26, 2025 | $0.2900 | regular |
| May 20, 2025 | May 21, 2025 | $0.5600 | regular |
| Nov 18, 2024 | — | $0.2700 | regular |
| May 20, 2024 | May 22, 2024 | $0.4000 | regular |
| Nov 20, 2023 | Nov 22, 2023 | $0.2000 | regular |
| May 22, 2023 | May 24, 2023 | $0.3400 | regular |
| Nov 21, 2022 | Nov 23, 2022 | $0.1700 | regular |
| May 23, 2022 | May 25, 2022 | $0.2800 | regular |
| Nov 22, 2021 | Nov 24, 2021 | $0.1300 | regular |
| May 24, 2021 | May 26, 2021 | $0.1400 | regular |
| Nov 23, 2020 | Nov 25, 2020 | $0.0700 | regular |
| Nov 18, 2019 | Nov 20, 2019 | $0.1300 | regular |
| May 20, 2019 | May 22, 2019 | $0.2800 | regular |
Income Calculator
At $0.89 / yr per share
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