Timken Declares Quarterly Dividend of 33 Cents Per Share

Rhea-AI Summary

The Timken Company (TKR) has declared a quarterly cash dividend of 33 cents per share, payable on March 6, 2024, to shareholders of record as of Feb. 20, 2024. This marks the 407th consecutive quarter of dividend payments, showcasing Timken's strong commitment to rewarding its shareholders. Timken is a global leader in engineered bearings and industrial motion products, with a long-standing presence in the market since its original listing on the NYSE in 1922.

Positive

• Timken's consistent dividend payments reflect its financial stability and commitment to shareholders.
• The company's long-standing presence in the market since 1922 demonstrates its resilience and expertise in the industry.

Negative

• None.

NORTH CANTON, Ohio, Feb. 8, 2024 /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 33 cents per share. The dividend is payable on March 6, 2024, to shareholders of record as of Feb. 20, 2024.

Timken has paid a dividend on its common shares every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend represents 407 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 $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries. Timken has been recognized among America's Most Responsible Companies and America's Greatest Workplaces for Diversity by Newsweek, the World's Most Ethical Companies^® by Ethisphere, America's Most Innovative Companies by Fortune and America's Best Large Employers 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 The Timken Company (TKR)?

The Timken Company (TKR) has declared a quarterly cash dividend of 33 cents per share.

When is the dividend payable to shareholders of The Timken Company (TKR)?

The dividend is payable on March 6, 2024, to shareholders of record as of Feb. 20, 2024.

How many consecutive quarters has The Timken Company (TKR) paid dividends?

The upcoming dividend represents 407 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies.