Tenaris S.A.
TSEnergy · Stock · semiannual payer
Forward Yield
3.11%
Annual Dividend
$1.78
Payout Ratio
45%
5-Yr Growth
51.6%
Ex-Date
May 19, 2026
Frequency
Semiannual
Summary
As of July 2026, Tenaris S.A. (TS) yields 3.11% ($1.78 per share annually), with a blended fair-value estimate of $102.86 — +80% upside, so it screens as undervalued. Dividend safety grade: C (56/100). 5 years of dividend growth.
Is TS a good dividend stock?
MixedTenaris S.A. (TS) pays a semiannual dividend yielding 3.11% ($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 (45%)
- Strong 51.6% 5-yr dividend growth
- 184% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 3.11%
- Payout Ratio
- 45%
- Annual Dividend
- $1.78
- 5-Yr Avg Growth
- 51.6%
- Ex-Dividend Date
- May 19, 2026
- Years of Growth
- 5
- Frequency
- semiannual
- Beta
- 0.47
- Market Cap
- $28.3B
- P/E Ratio
- 15.0
- 5-Yr Total Return
- 184%
- 52-Week Range
- $33.65 – $64.60
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
TS Price — Last 12 Months
Daily close
Price Return
1 Year
+58%
3 Years
+79%
5 Years
+184%
52-Week Range
$33.65 – $64.60
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TS worth?
Undervaluedlow confidenceOur blended fair-value estimate for Tenaris S.A. is $102.86 per share, versus a market price of $57.16. That implies 80% of upside — a margin of safety of about 44%.
Fair Value
$102.86
Current Price
$57.16
Upside
+80%
Margin of Safety
44%
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 7.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 7.1% stage-1 growth, 2.5% terminal growth, $3.80 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $1.2000 | regular |
| May 20, 2025 | — | $1.1200 | regular |
| Nov 19, 2024 | — | $0.5400 | regular |
| May 20, 2024 | — | $0.8000 | regular |
| Nov 20, 2023 | — | $0.4000 | regular |
| May 22, 2023 | — | $0.6800 | regular |
| Nov 21, 2022 | — | $0.3400 | regular |
| May 23, 2022 | — | $0.5600 | regular |
| Nov 22, 2021 | — | $0.2600 | regular |
| May 24, 2021 | — | $0.2800 | regular |
| Nov 23, 2020 | — | $0.1400 | regular |
| Nov 18, 2019 | — | $0.2600 | regular |
| May 20, 2019 | — | $0.5600 | regular |
| Nov 19, 2018 | — | $0.2600 | regular |
Income Calculator
At $1.78 / yr per share
