NEW YORK ( TheStreet) -- The ex-dividend date for Tenaris (NYSE: TS) is Monday, November 21, 2011. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $34.73 as of 9:31 a.m. ET, the dividend yield is 1.9%.

The average volume for Tenaris has been 2.7 million shares per day over the past 30 days. Tenaris has a market cap of $21 billion and is part of the basic materials sector and metals & mining industry. Shares are down 30.5% year to date as of the close of trading on Thursday.

Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. The company has a P/E ratio of 18.4, above the average metals & mining industry P/E ratio of 16.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tenaris as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Tenaris Ratings Report.

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