AGM/EGMMay 13, 2026, 09:52 AM
Tenaris AGM Approves $0.89/Share Annual Dividend; Re-elects Board
AI Summary
Tenaris S.A. held its Annual General Meeting of Shareholders on May 12, 2026, where shareholders approved an annual dividend of US$0.89 per share (US$1.78 per ADS) for the year ended December 31, 2025. This includes an interim dividend already paid, with a balance of US$0.60 per share (US$1.20 per ADS) to be paid on May 20, 2026. The meeting also approved the 2025 financial statements, re-elected the Board of Directors with a reduced number of ten members, and appointed Forvis Mazars as the statutory auditor for fiscal year 2026.
Key Highlights
- Approved an annual dividend of US$0.89 per share (US$1.78 per ADS) for fiscal year 2025.
- Authorized payment of the dividend balance of US$0.60 per share (US$1.20 per ADS) on May 20, 2026.
- Re-elected ten members to the Board of Directors, reducing the board size.
- Approved Board of Directors' compensation for 2026, including US$115,000 per member.
- Appointed Forvis Mazars as statutory auditor for fiscal year 2026 with approved fees.
- Authorized the company and subsidiaries to purchase or acquire company securities.
- Approved the company's consolidated financial statements and annual accounts for 2025.
Price Impact
More from TS