Latest news with #Tenaris
Yahoo
4 days ago
- Business
- Yahoo
Tenaris to Commence a USD 600 million First Tranche of its USD 1.2 Billion Share Buyback Program
LUXEMBOURG, June 06, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ('Tenaris') announced today that pursuant to its Share Buyback Program (the 'Program') announced on May 27, 2025, covering up to USD 1.2 billion, it has entered into a non-discretionary buyback agreement with a primary financial institution (the 'Bank'). The Bank will make its trading decisions concerning the timing of the purchases of Tenaris's ordinary shares independently of and uninfluenced by Tenaris. The Program will be executed in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (the 'Regulations'). Under the buyback agreement, purchases of shares may continue during any closed periods of Tenaris in accordance with the Regulations. This first tranche of the Program will cover up to USD 600 million (excluding customary transaction fees) and will start on June 9, 2025, and end no later than December 8, 2025. Ordinary shares purchased under the Program will be cancelled in due course. Any buyback of ordinary shares pursuant to the Program will be carried out under the authority granted by the general meeting of shareholders held on May 6, 2025. Some of the statements contained in this press release are 'forward-looking statements'. Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies. Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications. Giovanni Sardagna Tenaris in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
European Dividend Stocks To Watch In June 2025
As European markets navigate a landscape marked by easing inflation and the potential for interest rate cuts, investors are closely monitoring opportunities in dividend stocks. In such an environment, stocks that offer consistent dividend payouts can provide a measure of stability and income, making them appealing to those looking to balance growth with reliable returns. Name Dividend Yield Dividend Rating Bredband2 i Skandinavien (OM:BRE2) 4.29% ★★★★★★ Julius Bär Gruppe (SWX:BAER) 4.82% ★★★★★★ Allianz (XTRA:ALV) 4.39% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.37% ★★★★★★ Rubis (ENXTPA:RUI) 6.98% ★★★★★★ Cembra Money Bank (SWX:CMBN) 4.18% ★★★★★★ St. Galler Kantonalbank (SWX:SGKN) 3.91% ★★★★★★ HEXPOL (OM:HPOL B) 4.79% ★★★★★★ OVB Holding (XTRA:O4B) 4.35% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.61% ★★★★★★ Click here to see the full list of 238 stocks from our Top European Dividend Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Tenaris S.A. is a global manufacturer and supplier of steel pipe products and related services for the energy industry and other industrial applications, with a market cap of €16.62 billion. Operations: Tenaris generates its revenue primarily from its Tubes segment, which accounted for $11.38 billion. Dividend Yield: 4.7% Tenaris offers a mixed dividend profile with payments well covered by earnings and cash flows, evidenced by payout ratios of 50.9% and 42.5%, respectively. Despite a recent dividend increase to US$0.83 per share, its yield is lower than the top tier in Italy, and its track record remains volatile over the past decade. Recent financials show declining earnings, but strategic buybacks totaling US$1.89 billion may support shareholder value amidst capital restructuring efforts. Click here and access our complete dividend analysis report to understand the dynamics of Tenaris. In light of our recent valuation report, it seems possible that Tenaris is trading behind its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Fleury Michon SA produces and sells food products in France and internationally, with a market cap of €109.87 million. Operations: Fleury Michon's revenue is primarily derived from its Division GMS France segment at €677.94 million and its International Division at €100.62 million. Dividend Yield: 5.1% Fleury Michon's dividend profile shows potential, with a recent increase to €1.33 per share and strong coverage by earnings (41.6% payout ratio) and cash flows (23.6% cash payout ratio). However, its dividends have been volatile over the past decade, lacking reliability despite a low price-to-earnings ratio of 8.2x compared to the French market average of 15.5x. Recent financials highlight improved net income (€47.8 million), yet sales declined slightly to €807 million from €836.2 million last year. Navigate through the intricacies of Fleury Michon with our comprehensive dividend report here. The analysis detailed in our Fleury Michon valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Sparebanken Møre, with a market cap of NOK5.30 billion, offers banking services to both retail and corporate customers in Norway through its subsidiaries. Operations: Sparebanken Møre generates its revenue primarily from retail banking (NOK1.06 billion), corporate banking (NOK877 million), and real estate brokerage (NOK51 million) segments in Norway. Dividend Yield: 5.9% Sparebanken Møre's dividend profile is mixed, with recent earnings showing a decline in net income to NOK 232 million. Despite trading 37.5% below estimated fair value and having a sustainable payout ratio of 63.3%, its dividends have been volatile over the past decade, lacking reliability. Future dividends are expected to remain covered by earnings, though its low allowance for bad loans (64%) and lower-than-top-tier yield (5.85%) may concern investors seeking stability. Delve into the full analysis dividend report here for a deeper understanding of Sparebanken Møre. Our expertly prepared valuation report Sparebanken Møre implies its share price may be lower than expected. Click here to access our complete index of 238 Top European Dividend Stocks. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BIT:TEN ENXTPA:ALFLE and OB:MORG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
27-05-2025
- Business
- Business Upturn
Share buyback program of up to USD 1.2 billion
LUXEMBOURG, May 27, 2025 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ('Tenaris') announced today that Tenaris's Board of Directors approved a share buyback program of up to $1.2 billion (which, at the closing price of May 27, 2025 on the Milan Stock Exchange would represent approximately 74 million shares, or 6.9% of Tenaris's outstanding shares), to be executed within a year, with the intention to cancel the ordinary shares acquired through the program. The decision and opportunity of initiating the buyback program is driven by the company's significant cash flow generation and strong balance sheet. The buyback program will be carried out under the authority granted by the annual general meeting of shareholders held on May 6, 2025, up to a maximum of 10% of the Company´s shares. The buyback program is expected to be launched in June 2025 and share purchases will be executed through a primary financial institution. The buybacks may be ceased, paused and continued at any time, subject to compliance with applicable laws and regulations. Tenaris will provide updates on the buyback program via press releases and on the Investors section of its corporate website. The buybacks will be carried out subject to market conditions and in compliance with applicable laws and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Some of the statements contained in this press release are 'forward-looking statements'. Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies. Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications. Giovanni Sardagna Tenaris1-888-300-5432
CTV News
08-05-2025
- Business
- CTV News
Tenaris in Sault Ste. Marie buys new robots, storage racks as part of $11M investment
Tenaris is spending $11 million to improve safety and automation in its Sault Ste. Marie industrial centre. (Supplied)
Business Insider
04-05-2025
- Business
- Business Insider
Tenaris (0HXB) Gets a Hold from Kepler Capital
Kepler Capital analyst Kevin Roger maintained a Hold rating on Tenaris (0HXB – Research Report) on May 2 and set a price target of €16.00. The company's shares closed last Friday at €14.75. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Roger is ranked #225 out of 9371 analysts. Currently, the analyst consensus on Tenaris is a Hold with an average price target of €18.83. 0HXB market cap is currently €17.4B and has a P/E ratio of 8.83.
