Timken Declares Quarterly Dividend of 29 Cents Per Share

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The Timken Company (NYSE: TKR) declared a quarterly cash dividend of 29 cents per share, payable on March 4, 2021, to shareholders of record as of February 22, 2021. This marks the company's 395th consecutive quarter of dividend payments since its NYSE listing in 1922, highlighting its longstanding commitment to returning value to shareholders. In 2020, Timken generated $3.5 billion in sales and employs over 17,000 people globally, operating in 42 countries.

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• Declared a quarterly dividend of 29 cents per share.
• 395 consecutive quarters of dividend payments, showcasing commitment to shareholders.
• Strong sales of $3.5 billion in 2020.

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• None.

NORTH CANTON, Ohio, Feb. 12, 2021 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today declared a quarterly cash dividend of 29 cents per share. The dividend is payable on March 4, 2021, to shareholders of record as of February 22, 2021.

The Timken Company has paid a dividend on its common shares every quarter since its listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend represents 395 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.5 billion in sales in 2020 and employs more than 17,000 people globally, operating from 42 countries.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

Investor Relations:
Neil Frohnapple
234.262.2310
neil.frohnapple@timken.com

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SOURCE The Timken Company

FAQ

What is the dividend amount declared by Timken (TKR)?

Timken declared a quarterly cash dividend of 29 cents per share.

When will the dividend for TKR be paid?

The dividend will be paid on March 4, 2021.

What is the record date for Timken's dividend?

The record date for the dividend is February 22, 2021.

How long has Timken been paying dividends?

Timken has paid dividends for 395 consecutive quarters since its listing in 1922.

What were Timken's sales in 2020?

Timken reported sales of $3.5 billion in 2020.