Tenaris S.A.
TNRSFEnergy · Stock · semiannual payer
Forward Yield
3.23%
Annual Dividend
$0.89
Payout Ratio
45%
5-Yr Growth
43.4%
Ex-Date
May 19, 2026
Frequency
Semiannual
Summary
As of July 2026, Tenaris S.A. (TNRSF) yields 3.23% ($0.89 per share annually), with a blended fair-value estimate of $51.02 — +85% upside, so it screens as undervalued. Dividend safety grade: C (58/100). 5 years of dividend growth.
Is TNRSF a good dividend stock?
Yes, with caveatsTenaris S.A. (TNRSF) pays a semiannual dividend yielding 3.23% ($0.89/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (45%)
- Strong 43.4% 5-yr dividend growth
- 173% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 3.23%
- Payout Ratio
- 45%
- Annual Dividend
- $0.89
- 5-Yr Avg Growth
- 43.4%
- Ex-Dividend Date
- May 19, 2026
- Years of Growth
- 5
- Frequency
- semiannual
- Beta
- 0.47
- Market Cap
- $27.8B
- P/E Ratio
- 14.5
- 5-Yr Total Return
- 173%
- 52-Week Range
- $17.10 – $28.45
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
TNRSF Price — Last 12 Months
Daily close
Price Return
1 Year
+56%
3 Years
+67%
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?
Undervaluedlow confidenceOur blended fair-value estimate for Tenaris S.A. is $51.02 per share, versus a market price of $27.56. That implies 85% of upside — a margin of safety of about 46%.
Fair Value
$51.02
Current Price
$27.56
Upside
+85%
Margin of Safety
46%
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 6.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 6.7% stage-1 growth, 2.5% terminal growth, $1.90 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
| 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 $0.89 / yr per share
