Tenaris Approves US$0.89 Dividend; Cancels 62.4m Treasury Shares
TS•Tenaris shareholders approved a US$0.89 per share annual dividend totalling US$0.9bn, with the remaining US$0.60 per share (US$1.20 per ADS) to be paid May 20, 2026. The EGM endorsed cancellation of 62.4m treasury shares, reducing share capital to 1.0096bn shares.
1. Dividend Approval
In the annual general meeting, Tenaris shareholders approved a total annual dividend of US$0.89 per share (US$1.78 per ADS) amounting to approximately US$0.9 billion. Having paid a US$0.29 per share interim dividend in November 2025, the remaining US$0.60 per share (US$1.20 per ADS) will be disbursed on May 20, 2026, with a record date of May 19 and ex-dividend dates on May 18 (Europe and Mexico) and May 19 (United States).
2. Share Cancellation and Capital Reduction
At the extraordinary general meeting, shareholders approved the cancellation of 62,355,174 treasury shares acquired under the third share buyback program, reducing Tenaris’s share capital from 1,071,994,930 to 1,009,639,756 shares. This cancellation follows the buyback period from June 9, 2025 to March 3, 2026, effectively reducing outstanding share count by 5.8%.
3. Board Elections and Corporate Governance
The annual meeting reduced the board size to ten members and reappointed Simon Ayat, Roberto Bonatti, Germán Curá, Molly Montgomery, Maria Novales-Flamarique, Gianfelice Mario Rocca, Paolo Rocca, Jaime Serra Puche, Monica Tiuba and Guillermo Vogel for terms ending at the 2026 annual accounts meeting. The board subsequently re-elected Paolo Rocca as chairman, confirmed Gabriel Podskubka as Chief Executive Officer, and appointed independent audit committee members to oversee financial reporting.
4. Other Corporate Actions
Shareholders also approved the 2025 Compensation Report and set board remuneration for 2026, appointed Forvis Mazars as statutory auditor with fees ratified for audit and related services, and renewed authorization for future share repurchases subject to board approval.
