Timken Declares Quarterly Dividend of 30 Cents Per Share

Rhea-AI Summary

The Timken Company (NYSE: TKR) declared a quarterly cash dividend of 30 cents per share, payable on March 4, 2022, to shareholders of record as of February 22, 2022.

This will mark the 399th consecutive quarter of dividend payments, positioning Timken among the longest-running dividend payers on the NYSE since its listing in 1922. In 2021, Timken generated $4.1 billion in sales, reinforcing its status as a global leader in engineered bearings and power transmission products.

Positive

• Declared a quarterly cash dividend of 30 cents per share.
• Achieved 399 consecutive quarters of dividend payments.
• Generated $4.1 billion in sales in 2021.

Negative

• None.

News Market Reaction – TKR

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In the trading session that priced this news, TKR declined 0.35%, reflecting a mild negative market reaction.

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NORTH CANTON, Ohio, Feb. 11, 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 30 cents per share. The dividend is payable on March 4, 2022, to shareholders of record as of Feb. 22, 2022.

The Timken Company 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 399 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 42 countries. Timken is recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere and America's Best Employers, America's Best Employers for New Graduates and America's 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 declared by TKR for March 2022?

The Timken Company declared a dividend of 30 cents per share.

When is the dividend payable for TKR?

The dividend is payable on March 4, 2022.

What is the record date for the TKR dividend?

The record date for the dividend is February 22, 2022.

How many consecutive quarters has TKR paid dividends?

The Timken Company has paid dividends for 399 consecutive quarters.