Timken Declares Quarterly Dividend of 28 Cents Per Share

The Timken Company (NYSE: TKR) announced a quarterly cash dividend of 28 cents per share, payable on Sept. 3, 2020, to shareholders of record as of Aug. 21, 2020.

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Rhea-AI Summary

The Timken Company (NYSE: TKR) announced a quarterly cash dividend of 28 cents per share, payable on Sept. 3, 2020, to shareholders of record as of Aug. 21, 2020. This dividend marks the 393rd consecutive quarterly payout since Timken's NYSE listing in 1922, showcasing one of the longest dividend records among NYSE companies. In 2019, Timken reported $3.8 billion in sales and operates globally with more than 17,000 employees.

Positive

Announcement of a quarterly cash dividend of 28 cents per share.
393 consecutive quarterly dividends demonstrate strong historical reliability.
Company reported $3.8 billion in sales in 2019, indicating financial stability.

Negative

None.

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08/07/2020 - 10:50 AM

NORTH CANTON, Ohio, Aug. 7, 2020 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today declared a quarterly cash dividend of 28 cents per share. The dividend is payable on Sept. 3, 2020, to shareholders of record as of Aug. 21, 2020.

This marks the 393rd consecutive quarterly dividend paid on the common shares of the company since The Timken Company joined the New York Stock Exchange in 1922, one of the longest-running dividend records 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 $3.8 billion in sales in 2019 and employs more than 17,000 people globally, operating from 42 countries.

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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