Timken Declares Quarterly Dividend of 30 Cents Per Share

Rhea-AI Summary

The Timken Company (NYSE: TKR) has declared a quarterly cash dividend of 30 cents per share, payable on September 3, 2021, to shareholders on record as of August 20, 2021. This marks the 397th consecutive quarter of dividend payments since the company's listing in 1922, showcasing its commitment to returning value to shareholders. Timken reported $3.5 billion in sales for 2020 and operates globally with over 17,000 employees.

Positive

• Dividend of 30 cents per share reflects strong financial stability.
• 397 consecutive quarters of dividends highlight consistent shareholder value.
• Robust sales of $3.5 billion in 2020 indicates solid market performance.

Negative

• None.

NORTH CANTON, Ohio, Aug. 4, 2021 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today declared a quarterly cash dividend of 30 cents per share. The dividend is payable on Sept. 3, 2021, to shareholders of record as of Aug. 20, 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 397 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. Timken is recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere and America's Best Employers, America's Best Employers for New Graduates and America's Best Employers for Women by Forbes.

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 declared by Timken (TKR)?

Timken has declared a quarterly cash dividend of 30 cents per share.

When will the dividend for Timken (TKR) be paid?

The dividend will be paid on September 3, 2021.

What is the significance of Timken's dividend history?

Timken has paid dividends every quarter since its listing in 1922, totaling 397 consecutive quarters.

What were Timken's sales figures in 2020?

Timken reported sales of $3.5 billion in 2020.