The ex-dividend date for Tenaris (NYSE:TS) is tomorrow, November 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $38.03 as of 9:30 a.m., the dividend yield is 2.1%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Tenaris (NYSE: TS) is tomorrow, November 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $38.03 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Tenaris has been 1.4 million shares per day over the past 30 days. Tenaris has a market cap of $21.75 billion and is part of the basic materials sector and energy industry. Shares are up 0.9% year to date as of the close of trading on Friday. Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. The company has a P/E ratio of 32.6, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Tenaris Ratings Report. See our dividend calendar or top-yielding stocks list. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.