Timken Declares Quarterly Dividend of 33 Cents Per Share

Rhea-AI Summary

The Timken Company has declared a quarterly cash dividend of 33 cents per share. The dividend is payable on Nov. 29, 2023, to shareholders of record as of Nov. 14, 2023. This marks the company's 406th consecutive quarter of paying dividends and its tenth consecutive year of annual dividend growth.

NORTH CANTON, Ohio, Nov. 3, 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 33 cents per share. The dividend is payable on Nov. 29, 2023, to shareholders of record as of Nov. 14, 2023.

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 406 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies. In addition, 2023 will mark the company's tenth 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 $4.5 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, America's Most Innovative Companies by Fortune and America's Best Large 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-33-cents-per-share-301977214.html

SOURCE The Timken Company

FAQ

What is the dividend amount declared by The Timken Company?

The Timken Company has declared a dividend of 33 cents per share.

When will the dividend be paid?

The dividend will be paid on November 29, 2023.

Who is eligible to receive the dividend?

Shareholders of The Timken Company on record as of November 14, 2023, are eligible to receive the dividend.

How long has The Timken Company been paying dividends?

The Timken Company has been paying dividends every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922.

How many consecutive quarters of dividends has The Timken Company paid?

The upcoming dividend payment will mark the company's 406th consecutive quarter of paying dividends.

How many years has The Timken Company achieved annual dividend growth?

2023 will mark the company's tenth consecutive year of annual dividend growth.