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NEW YORK ( TheStreet) -- The ex-dividend date for Tenaris (NYSE: TS) is Monday, May 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $33.44 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for Tenaris has been 1.8 million shares per day over the past 30 days. Tenaris has a market cap of $19.87 billion and is part of the basic materials sector and metals & mining industry. Shares are down 9.5% 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 29.8, above the average metals & mining industry P/E ratio of 13.6 and above the S&P 500 P/E ratio of 17.7.