Tenaris Dividends and Buybacks
Dividend criteria checks 4/6
Tenaris is a dividend paying company with a current yield of 3.3% that is well covered by earnings.
Key information
3.3%
Dividend yield
4.4%
Buyback Yield
| Total Shareholder Yield | 7.7% |
| Future Dividend Yield | 3.5% |
| Dividend Growth | 8.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 47% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jul 01
TEN: Higher P/E Will Rely On New Suriname Operations Offsetting Margin Pressure
Analysts have revised their price target on Tenaris higher from €18.41 to €22.15, citing updated assumptions for revenue growth, profit margins, and future P/E that affect their view of the stock's fair value. What’s in the News for Tenaris Tenaris has started operations at a new service center in Suriname to support TotalEnergies’s GranMorgu offshore project, providing integrated services for offshore operations under its Rig Direct service model, according to company announcements and recent news reports.
Narrative Update • Jun 17
TEN: Capital Returns And New Leadership Will Support Future Upside Potential
Analysts have made a small refinement to their Tenaris price target, with updated assumptions on discount rate, revenue growth and future P/E now pointing to a fair value of €33.33 per share. What’s in the News for Tenaris Tenaris shareholders approved an annual dividend of US$0.89 per share at the May 12, 2026 meeting.Narrative Update • Jun 02
TEN: Canadian Expansion And Capital Returns Will Support Future Upside Potential
Analysts have trimmed their price target for Tenaris from about €34.18 to roughly €33.33. The revised target reflects updated views that combine slightly different revenue and discount rate assumptions with higher profit margin expectations and a lower future P/E estimate.Narrative Update • May 19
TEN: Future Dividends And Buybacks Will Support Capital Return Upside
Analysts have lifted their price target for Tenaris from €28.19 to €34.18, citing updated assumptions that include revised revenue growth, profit margin and future P/E estimates, along with a slightly higher discount rate. What's in the News Shareholders approved an annual dividend of US$0.89 per share at the May 12, 2026 AGM, totaling about US$0.9b and including the interim dividend of US$0.29 per share already paid in November 2025 (AGM filing).Analysis Article • May 11
Tenaris S.A. Just Recorded A 16% EPS Beat: Here's What Analysts Are Forecasting Next
Tenaris S.A. ( BIT:TEN ) defied analyst predictions to release its quarterly results, which were ahead of market...
Narrative Update • May 02
TEN: Dividend And Buyback Will Mask Weaker Prospects For Future Returns
Analysts have raised their price target on Tenaris from €22.85 to €24.14, citing updated assumptions on the discount rate, revenue growth, profit margins and future P/E as the main reasons for the change. What's in the News Tenaris has called an Annual General Meeting for May 12, 2026, followed by an Extraordinary General Meeting, where shareholders will be asked to vote on proposed amendments to the articles of association (company filing).Narrative Update • Apr 18
TEN: Dividend Plan And Completed Buyback Will Support Steady Outlook
Analysts have lifted their price target for Tenaris from about €18.60 to roughly €22.85, pointing to updated fair value assumptions that reflect revised views on revenue, profit margins and future P/E levels. What's in the News Tenaris has called an Annual General Meeting of Shareholders for May 12, 2026, to be followed immediately by an Extraordinary General Meeting to vote on proposed amendments to the articles of association (company announcement).Narrative Update • Apr 03
TEN: Future Capital Returns And Modest Assumption Shifts May Support Upside
Analysts now set a slightly higher price target for Tenaris at about €28.19, up from roughly €27.94. The change reflects modest adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E.Narrative Update • Mar 20
TEN: Higher P/E Outlook And Capital Returns May Support Future Upside
Analysts have revised their fair value estimate for Tenaris to €27.94 from €21.05, reflecting updated assumptions on the discount rate, long term revenue growth, profit margin and future P/E. What's in the News The board intends to propose a total annual dividend of $0.89 per share (about $900 million) for approval at the May 12, 2026 shareholders meeting, including the interim dividend of $0.29 per share already paid in November 2025 (company announcement).Narrative Update • Mar 06
TEN: Richer P/E Will Face Pressure From Weakening Revenue And Margin Outlook
Analysts have lifted their price target on Tenaris from €16.67 to €18.41, citing updated assumptions around revenue trends, profit margins and future P/E. Together, these factors point to a modestly higher assessed fair value.Narrative Update • Feb 19
TEN: Richer P/E Multiple Will Pressure Returns With Weakening Revenue Trends
Analysts have raised their price target on Tenaris from about €14.16 to around €16.67, citing updated assumptions on discount rates, revenue trends, margins and future P/E expectations. Valuation Changes Fair Value: Raised from about €14.16 to around €16.67, implying a higher assessed value per share under the updated assumptions.Narrative Update • Feb 05
TEN: Softer Margins And Lower P/E Assumptions Will Weigh On Returns
Analysts have reduced their fair value estimate for Tenaris slightly, from $14.41 to $14.16. This change reflects small adjustments to assumptions around revenue trends, profit margins and the future P/E multiple.Analysis Article • Jan 24
Investors Will Want Tenaris' (BIT:TEN) Growth In ROCE To Persist
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Narrative Update • Jan 22
TEN: Buybacks And Dividend Will Conceal Weakening Earnings And Compressed Multiple
Analysts have nudged their fair value estimate for Tenaris slightly higher to $14.41 from $14.38, citing updated assumptions for a smaller revenue decline, a modestly higher profit margin of about 14.25%, and a lower future P/E of roughly 11.97x. What's in the News From July 1, 2025 to September 30, 2025, Tenaris repurchased 19,965,687 shares, representing 1.89% of its shares, for a total of $351 million under its ongoing buyback program (Key Developments).Narrative Update • Jan 07
TEN: Buyback Completion And Interim Dividend Will Support Steady Valuation Outlook
Analysts have slightly adjusted their price target on Tenaris to US$18.60 from US$18.67, citing small updates to discount rate assumptions, revenue growth expectations, profit margin outlook, and future P/E inputs. What's in the News Completion of a share buyback program, with 33,059,955 shares repurchased for US$588 million, representing 3.11% of outstanding shares under the program announced on June 14, 2025 (company filing).Narrative Update • Dec 23
TEN: Share Buybacks And Dividends Will Mask Weakening Earnings Power
Analysts have raised their price target on Tenaris from approximately $13.28 to $14.38 per share, reflecting expectations for slightly stronger revenue trends, improved profit margins, and a modestly lower discount rate that together support a higher fair value multiple. What's in the News Completed a share buyback of 33,059,955 shares, representing 3.11% of capital, for a total of $588 million under the program announced on June 14, 2025.Narrative Update • Dec 09
TEN: Buyback Completion And Interim Dividend Will Support Steady Outlook
Narrative Update on Tenaris Analysts have raised their fair value estimate for Tenaris modestly to approximately $18.67 from about $18.54, citing slightly higher long term revenue growth expectations, a small uplift in projected profit margins, and a marginally richer future price to earnings multiple. What's in the News Tenaris reported completing a major share repurchase program, buying back 33,059,955 shares since June 14, 2025, equivalent to 3.11% of shares outstanding, for a total of $588 million (company filing).Analysis Article • Dec 08
The Market Doesn't Like What It Sees From Tenaris S.A.'s (BIT:TEN) Earnings Yet
When close to half the companies in Italy have price-to-earnings ratios (or "P/E's") above 17x, you may consider...Narrative Update • Nov 25
TEN: Interim Dividend And Share Buyback Completion Will Support Steady Outlook
Analysts have slightly lowered their price target for Tenaris, now estimating fair value at $18.54 per share compared to the previous $18.62. They cite moderated profit margin and revenue growth expectations for the company.Narrative Update • Nov 07
TEN: Interim Dividend And Revenue Outlook Will Support Steady Performance
Analysts have raised their price target for Tenaris from $17.83 to $18.62, citing improved revenue growth outlook and a lower discount rate as key factors supporting this upward revision. What's in the News Tenaris board approved payment of an interim dividend of $0.29 per share (or $0.58 per ADS), totaling approximately $300 million (Key Developments) Dividend payment date is set for November 26, 2025, with the record date on November 25, 2025 (Key Developments) Ex-dividend date for securities in the US is November 25, 2025; in Europe and Mexico, it is November 24, 2025 (Key Developments) Valuation Changes Fair Value Estimate has increased from $17.83 to $18.62 per share, reflecting a moderate upward adjustment.Analysis Article • Nov 02
The Tenaris S.A. (BIT:TEN) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
Tenaris S.A. ( BIT:TEN ) just released its latest third-quarter results and things are looking bullish. Results were...Narrative Update • Oct 24
Share Repurchases and Infrastructure Expansion Will Shape Future Opportunities and Risks
Analysts have slightly raised their price target for Tenaris from $17.81 to $17.83. They cite modest improvements in revenue growth projections and a marginally higher discount rate as key factors in the updated valuation.Analysis Article • Oct 24
Tenaris (BIT:TEN) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Oct 10
Expanding Global Infrastructure Will Unlock Opportunities But Face Transition Risks
Analysts have raised their price target for Tenaris from $17.58 to $17.81, citing improved profit margins and a slightly lower discount rate as contributing factors. What's in the News Tenaris completed the buyback of 13,094,268 shares, representing 1.22 percent, for $237 million under the program announced on June 14, 2025 (Key Developments).Analysis Article • Oct 03
Returns On Capital Are Showing Encouraging Signs At Tenaris (BIT:TEN)
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Narrative Update • Sep 05
Expanding Global Infrastructure Will Unlock Opportunities But Face Transition Risks
Despite a notable decline in Tenaris’s future P/E ratio, indicating improved value or lower growth expectations, the consensus analyst price target remained unchanged at €17.58. What's in the News Tenaris completed the repurchase of 109,475,548 shares (9.64%) for $1,888.9 million under its previous buyback program.Analysis Article • Aug 02
Earnings Beat: Tenaris S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Shareholders might have noticed that Tenaris S.A. ( BIT:TEN ) filed its interim result this time last week. The early...Analysis Article • Jul 21
We Think Tenaris (BIT:TEN) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Narrative • Jan 23
New Offshore Projects In Brazil And Nigeria Will Improve Future Prospects Despite Revenue Challenges
Modernization and tech integration are boosting Tenaris’s productivity and likely enhancing margins and earnings.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TEN's dividend payments have been volatile in the past 10 years.
Growing Dividend: TEN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Tenaris Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TEN) | 3.3% |
| Market Bottom 25% (IT) | 1.5% |
| Market Top 25% (IT) | 4.6% |
| Industry Average (Energy Services) | 4.6% |
| Analyst forecast (TEN) (up to 3 years) | 3.5% |
Notable Dividend: TEN's dividend (3.3%) is higher than the bottom 25% of dividend payers in the Italian market (1.53%).
High Dividend: TEN's dividend (3.3%) is low compared to the top 25% of dividend payers in the Italian market (4.64%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (47%), TEN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.9%), TEN's dividend payments are well covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 17:05 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Tenaris S.A. is covered by 41 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Francesco Taddei | Banca Akros S.p.A. (ESN) |
| Francesco Sala | Banca Akros S.p.A. (ESN) |
| Michael Pickup | Barclays |