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., the dividend yield is 3.5%.
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.
TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Tenaris Ratings Report. See our dividend calendar or top-yielding stocks list.