Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 64

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 64
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. The years
2024 and 2023 include a positive effect of $186.0 million and $550.3
million, respectively, arising from the recognition of previous year’s tax losses carryforward deferred tax assets in the Luxembourg
subsidiary. For the year 2024, the consumption of such deferred tax assets for $86.9 million is included
in the line “Tax calculated at the tax rate of each country”. For more information see note 22. The year 2024 includes a charge
of $81.4 million related to Pillar Two.

#### 10Dividends distribution
On November 6, 2024, the Company’s Board of Directors approved an
interim dividend of $0.27 per outstanding share ($0.54 per ADS), or
approximately $299 million, paid on November 20, 2024, with record date on November 19, 2024 and ex-dividend date ofNovember 18, 2024 in Europe and November 19, 2024 in the United States and Mexico.

On April 30, 2024, the Company’s shareholders approved an annual
dividend in the amount of $0.60 per outstanding share ($1.20 per ADS).
The amount approved by the shareholders included the interim dividend previously paid in November 22, 2023 in the amount of $0.20
per outstanding share ($0.40 per ADS). The balance, amounting to $0.40
per outstanding share ($0.80 per ADS), was paid on May 22, 2024, for an amount of approximately $459
million. In the aggregate, the interim dividend paid in November 2023 and the balance paid in May 2024 amounted to approximately $694
million.

On May 3, 2023, the Company’s shareholders approved an annual dividend
in the amount of $0.51 per share ($1.02 per ADS). The amount approved by the shareholders included the interim dividend previously paid
on November 23, 2022 in the amount of $0.17 per share ($0.34 per ADS). The balance, amounting to $0.34 per share ($0.68 per ADS), was
paid on May 24, 2023, for an amount of approximately $401 million. In the aggregate, the interim dividend paid in November 2022 and the
balance paid in May 2023 amounted to approximately $602 million.