
Tenaris (TS) Dividend
Tenaris S.A. · Energy · Oil & Gas Equipment & Services · semiannual payer
As of Nov 5, 2026, Tenaris (TS) pays a twice-yearly dividend, or $1.78 a year, a 3.18% yield at its $57.78 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
3.18%
Annual Dividend
$1.78
Payout Ratio
48%
5-Yr Growth
51.6%
Ex-Date
Nov 24, 2026
Frequency
Semiannual
Key facts about TS's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Tenaris S.A. (TS) has a forward dividend yield of 3.18%, based on an annual dividend of $1.78 per share and a share price of $57.78.
- As of Nov 5, 2026, TS's dividend safety grade from SmarterDividends is C (52 out of 100), which rates the dividend as borderline.
- By SmarterDividends' count, Tenaris S.A. (TS) has raised its dividend for 5 consecutive years as of Nov 5, 2026.
- TS last cut its regular dividend in 2021.
- TS'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, TS pays out 48% of its trailing 12-month earnings as dividends (its payout ratio).
- TS's dividend has grown at an average rate of 51.6% a year over the past five years.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TS is $78.55 per share, 36% above the $57.78 share price, so TS screens as undervalued.
- Tenaris S.A. (TS) pays its dividend semiannual, 2 times a year.
Cite this page
SmarterDividends, "TS Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TS
Is TS a good dividend stock?
MixedTenaris S.A. (TS) pays a semiannual dividend yielding 3.18% ($1.78/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 51.6% 5-yr dividend growth
- 206% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 3.18%
- Payout Ratio
- 48%
- Annual Dividend
- $1.78
- 5-Yr Avg Growth
- 51.6%
- Ex-Dividend Date
- Nov 24, 2026
- Years of Growth
- 5
- Frequency
- semiannual
- Beta
- 0.43
- Market Cap
- $29.2B
- P/E Ratio
- 15.4
- 5-Yr Total Return
- 206%
- 52-Week Range
- $37.69 – $64.60
- Dividend Safety
- C · 52/100
- Ever Cut?
- Yes (2021)
TS dividend changes
Tenaris S.A. (TS) pays a variable dividend: across the 42 payments on record since 2003, 12 were higher than the one before and 5 lower. The latest change was up 180.0% to $1.12 per share, going ex-dividend on May 20, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 20, 2025 | Higher | $0.400 → $1.12 | +180.0% |
| Nov 19, 2024 | Higher | $0.340 → $0.540 | +58.8% |
| Nov 20, 2023 | Lower | $0.560 → $0.400 | −28.6% |
| Nov 21, 2022 | Higher | $0.260 → $0.340 | +30.8% |
| May 23, 2022 | Higher | $0.280 → $0.560 | +100.0% |
| Nov 22, 2021 | Higher | $0.140 → $0.260 | +85.7% |
| May 24, 2021 | Higher | $0.260 → $0.280 | +7.7% |
| Nov 23, 2020 | Lower | $0.260 → $0.140 | −46.2% |
| Nov 20, 2017 | Lower | $0.300 → $0.260 | −13.3% |
| Nov 21, 2016 | Lower | $0.600 → $0.260 | −56.7% |
| Nov 24, 2014 | Higher | $0.260 → $0.300 | +15.4% |
| May 19, 2014 | Higher | $0.260 → $0.600 | +130.8% |
Frequently Asked Questions
Is TS a good dividend stock?
Mixed. Tenaris S.A. (TS) pays a semiannual dividend yielding 3.18% ($1.78/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 TS undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TS's fair value is about $78.55 versus a $57.78 share price — so it looks undervalued (+36% vs. fair value).
Is TS's dividend safe?
TS has a dividend-safety grade of C (52/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2021, debt and yield-versus-history.
What is TS's fair value?
Our blended fair-value estimate for TS is about $78.55 per share, roughly 36% above the current $57.78 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is TS a buy, hold, or sell?
We don't issue formal ratings, but on the data TS screens as "mixed" and undervalued. Tenaris S.A. (TS) pays a semiannual dividend yielding 3.18% ($1.78/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 TS cut its dividend?
TS earns a dividend-safety grade of C (52/100), 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 TS pay a dividend?
Yes. Tenaris S.A. pays a semiannual dividend of about $1.78 per share annually, a forward yield of roughly 3.18%.
How much dividend does 100 shares of TS pay?
At $1.78 per share a year, 100 shares of TS pay $178.00 a year in dividends before tax, about $89.00 every six months. Buying them costs about $5,778 at the Nov 5, 2026 price.
What is TS's dividend yield?
As of Nov 5, 2026, TS's forward dividend yield is 3.18%, based on a $1.78 annual dividend and a $57.78 share price.
What is TS's dividend per share?
As of Nov 5, 2026, TS pays $1.78 per share per year, distributed on a semiannual basis.
What is TS's dividend payout ratio?
As of Nov 5, 2026, TS'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 TS grown its dividend?
As of Nov 5, 2026, TS has increased its dividend for 5 consecutive years.
When is the next TS ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for TS is Nov 24, 2026.
TS Price — Last 12 Months
Daily close
Price Return
1 Year
+50%
3 Years
+74%
5 Years
+206%
52-Week Range
$37.69 – $64.60
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TS worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Tenaris S.A. is $78.55 per share, versus a market price of $57.78. That implies 36% of upside — a margin of safety of about 26%.
Fair Value
$78.55
Current Price
$57.78
Upside
+36%
Margin of Safety
26%
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 4.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 4.7% growth for five years fading to 2.5% over the next five, $3.75 EPS, $1.78 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TS 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 TS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | May 28, 2026 | $1.2000 | regular |
| May 20, 2025 | May 28, 2025 | $1.1200 | regular |
| Nov 19, 2024 | Nov 27, 2024 | $0.5400 | regular |
| May 20, 2024 | May 29, 2024 | $0.8000 | regular |
| Nov 20, 2023 | Nov 29, 2023 | $0.4000 | regular |
| May 22, 2023 | May 24, 2023 | $0.6800 | regular |
| Nov 21, 2022 | Nov 30, 2022 | $0.3400 | regular |
| May 23, 2022 | Jun 1, 2022 | $0.5600 | regular |
| Nov 22, 2021 | Dec 1, 2021 | $0.2600 | regular |
| May 24, 2021 | Jun 3, 2021 | $0.2800 | regular |
| Nov 23, 2020 | Dec 3, 2020 | $0.1400 | regular |
| Nov 18, 2019 | Nov 26, 2019 | $0.2600 | regular |
| May 20, 2019 | May 30, 2019 | $0.5600 | regular |
| Nov 19, 2018 | Dec 3, 2018 | $0.2600 | regular |
Income Calculator
At $1.78 / yr per share
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