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 September 2, 2022, to shareholders of record as of August 15, 2022. Timken has a remarkable history of paying dividends, marking 401 consecutive quarters since its NYSE listing in 1922. The company generated $4.1 billion in sales in 2021, employing over 18,000 people globally. Timken has received accolades including being listed among America's Most Responsible Companies by Newsweek.

Positive

• Declared a quarterly cash dividend of 31 cents per share.
• 401 consecutive quarters of dividend payments since 1922, highlighting stability.
• Reported $4.1 billion in sales for 2021, indicating strong revenue generation.
• Recognized as one of America's Most Responsible Companies.

Negative

• None.

NORTH CANTON, Ohio, Aug. 3, 2022 /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 31 cents per share. The dividend is payable on Sept. 2, 2022, to shareholders of record as of Aug. 15, 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 401 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 $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

View original content to download multimedia:https://www.prnewswire.com/news-releases/timken-declares-quarterly-dividend-of-31-cents-per-share-301599099.html

SOURCE The Timken Company

FAQ

What is the dividend amount declared by Timken (NYSE: TKR) in August 2022?

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

When will the dividend payment for Timken (NYSE: TKR) take place?

The dividend payment will be made on September 2, 2022.

How long has Timken (NYSE: TKR) been paying dividends?

Timken has paid dividends for 401 consecutive quarters since its NYSE listing in 1922.

What were Timken's (NYSE: TKR) sales figures in 2021?

Timken reported $4.1 billion in sales for the year 2021.