Tenaris Announces Share Buyback and Dividend Amidst Q3 Results
Company Announcements

Tenaris Announces Share Buyback and Dividend Amidst Q3 Results

Tenaris (IT:TEN) has released an update.

Tenaris reported a decline in third-quarter net sales due to lower prices and demand in key markets, but net income showed recovery. The company announced a $700 million share buyback program, highlighting strong cash flow and a robust balance sheet. An interim dividend of $0.27 per share was also approved, reflecting confidence in future prospects.

For further insights into IT:TEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
Austin AngeloTenaris (0HXB) Declares Q4 Dividend: Important Details for Shareholders
TheFlyTenaris reports Q3 EPS 40c, consensus 66c
TheFlyTenaris reports $300M interim dividend, $700M follow-on share repurchase program
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App