Timken Declares Quarterly Dividend of 30 Cents Per Share

Rhea-AI Summary

The Timken Company (NYSE: TKR) announced a quarterly cash dividend of 30 cents per share, payable on Dec. 3, 2021, to shareholders of record as of Nov. 22, 2021. This marks the company's 398th consecutive quarter of dividend payments, highlighting its commitment to returning value to shareholders. In 2020, Timken reported $3.5 billion in sales and operates in over 42 countries with a workforce of more than 17,000 employees. Timken is recognized as one of America’s Most Responsible Companies and maintains a strong reputation in the global industrial sector.

Positive

• Declared a quarterly cash dividend of 30 cents per share, reinforcing shareholder returns.
• This dividend marks the 398th consecutive quarter of payments, showcasing long-term reliability.
• Reported sales of $3.5 billion in 2020, indicating strong business performance.

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• None.

NORTH CANTON, Ohio, Nov. 11, 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 Dec. 3, 2021, to shareholders of record as of Nov. 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 398 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 amount declared by Timken (TKR) for Q4 2021?

Timken declared a dividend amount of 30 cents per share for Q4 2021.

When will the dividend for TKR be paid?

The dividend for TKR will be paid on December 3, 2021.

What is the record date for the Timken quarterly dividend?

The record date for the Timken quarterly dividend is November 22, 2021.

How long has Timken (TKR) been paying dividends?

Timken has been paying dividends for 398 consecutive quarters, since its listing on the NYSE in 1922.