Tenaris Approves $0.89 Dividend, Reduces Share Capital by $62.36M

Tenaris S.A. announced that its annual and extraordinary general meetings approved all resolutions, including an annual dividend of US$0.89 per share (US$1.78 per ADS). The balance of US$0.60 per share (US$1.20 per ADS), totaling approximately US$0.6 billion, will be paid on May 20, 2026. Shareholders also approved the cancellation of 62,355,174 treasury shares from a past buyback program, reducing the company's issued share capital from US$1,071,994,930 to US$1,009,639,756. Additionally, the board of directors was reduced to ten members, with re-appointments and re-elections for key leadership roles, and Forvis Mazars was appointed as the statutory auditor for 2026.