Timken Declares Quarterly Dividend of 31 Cents Per Share

Rhea-AI Summary

The Timken Company (NYSE: TKR) has declared a quarterly cash dividend of 31 cents per share, payable on March 6, 2023, to shareholders of record as of February 21, 2023. This marks the company’s 403rd consecutive quarter of dividend payments since its NYSE listing in 1922, showcasing one of the longest dividend streaks among listed companies.

In 2022, Timken reported $4.5 billion in sales and employs over 19,000 people globally. The company is dedicated to innovation and efficiency in engineered bearings and industrial motion products.

Positive

• Declared a quarterly dividend of 31 cents per share.
• Maintains a 403 consecutive quarters dividend payment streak.
• 2022 sales reached $4.5 billion, indicating stability.

Negative

• None.

NORTH CANTON, Ohio, Feb. 10, 2023 /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 March 6, 2023, to shareholders of record as of Feb. 21, 2023.

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 403 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 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 $4.5 billion in sales in 2022 and employs more than 19,000 people globally, operating from 46 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 for TKR in 2023?

The dividend amount for TKR in 2023 is 31 cents per share.

When is the next dividend payment for TKR?

The next dividend payment for TKR is on March 6, 2023.

What is the record date for TKR's dividend?

The record date for TKR's dividend is February 21, 2023.

How long has TKR been paying dividends?

TKR has been paying dividends for 403 consecutive quarters.

What were TKR's sales in 2022?

TKR's sales in 2022 were $4.5 billion.