Timken Declares Quarterly Dividend of 31 Cents Per Share

Rhea-AI Summary

The Timken Company (NYSE: TKR) declared a quarterly cash dividend of 31 cents per share, payable on Dec. 2, 2022, to shareholders of record as of Nov. 21, 2022. This dividend marks the company's 402nd consecutive quarter of dividend payments since its NYSE listing in 1922, highlighting its long-term commitment to returning value to shareholders. Additionally, 2022 is the ninth consecutive year of annual dividend growth, reflecting Timken’s strong financial performance with $4.1 billion in sales in 2021.

Positive

• Declared a dividend of 31 cents per share, reinforcing shareholder returns.
• Achieved 402 consecutive quarters of dividend payments, indicating financial stability.
• Marked the ninth consecutive year of annual dividend growth, showcasing consistent performance.

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• None.

NORTH CANTON, Ohio, Nov. 11, 2022 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today declared a quarterly cash dividend of 31 cents per share. The dividend is payable on Dec. 2, 2022, to shareholders of record as of Nov. 21, 2022.

Timken 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 402 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies. In addition, 2022 will mark the company's ninth consecutive year of annual dividend growth.

About The Timken Company

The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion 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 $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 43 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere, and America's Best Employers, Best Employers for New Graduates and 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)?

Timken declared a quarterly cash dividend of 31 cents per share.

When is the dividend payable for Timken (TKR)?

The dividend is payable on December 2, 2022.

When is the record date for Timken's (TKR) dividend?

The record date for the dividend is November 21, 2022.

How long has Timken (TKR) been paying dividends?

Timken has paid dividends every quarter since its NYSE listing in 1922, totaling 402 consecutive quarters.

Is Timken (TKR) increasing its dividend payments?

Yes, 2022 marks the ninth consecutive year of annual dividend growth for Timken.