Tenaris S.A. ($TS) Will Trade Ex-Dividend On November 23, 2020

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Tenaris S.A. (NYSE:TS) will begin trading ex-dividend on November 23, 2020. The semi-annual dividend payment of $ 0.14 per share is scheduled to be paid on November 25, 2020. The dividend yield based on the latest trading day closing price was 1.87 percent. Shareholders who purchased TS shares prior to the ex-dividend date are eligible for the cash dividend payment.

Dividends History
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Tenaris S.A. recently reported third quarter financial results on November 4, 2020, after market close, the Luxembourg City based company posted loss for the third quarter of $ 0.06 per share, from the revenue of $ 1,013.00 million. The quarterly revenues reduced 42.57 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.16 per share from $ 939.40 million in revenue. The bottom line results beat street analysts by $ 0.1 or 62.50 percent, at the same time, top line results outshined analysts by $ 73.60 million or 7.83 percent.

Stock Performance

Shares of Tenaris S.A. traded up $ 0.30 or 2.04 percent on Thursday, reaching $ 15.01 with volume of 1.36 million shares. Tenaris S.A. has traded high as $ 15.01 and has cracked $ 14.61 on the downward trend

According to the previous trading day, closing price of $ 15.01, representing a 66.03 % increase from the 52 week low of $ 8.86 and a 37.51 % decrease over the 52 week high of $ 23.54.

The company has a market capital of $ 8.76 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.

Tenaris S.A., through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, perforating guns, tubular accessories, and non-tubular accessories and devices. It also provides offshore line pipe products, including top tensioned and steel catenary risers, export lines and flowlines, bends, corrosion resistant alloys, coiled line pipes, umbilical tubings, and coated pipes; and seamless and welded tubes for onshore line pipe; various seamless steel tubes and pipes for refineries, petrochemical, and gas-processing plants; and tubular products for the power generation industry.