Timken Declares Quarterly Dividend of 34 Cents Per Share

Rhea-AI Summary

Timken (NYSE: TKR) has declared a quarterly cash dividend of 34 cents per share, payable on Nov. 29, 2024, to shareholders of record as of Nov. 19, 2024. This marks the company's 410th consecutive quarterly dividend since its NYSE listing in 1922, representing one of the longest dividend streaks among NYSE-listed companies. 2024 will be Timken's eleventh consecutive year of annual dividend growth. The company, a global leader in engineered bearings and industrial motion, reported $4.8 billion in sales in 2023 and employs over 19,000 people across 45 countries.

Positive

• Maintains 410-quarter consecutive dividend payment streak
• 11 consecutive years of annual dividend growth
• $4.8 billion in sales recorded in 2023
• Strong global presence with operations in 45 countries

Negative

• None.

News Market Reaction

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-0.19% News Effect

On the day this news was published, TKR declined 0.19%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NORTH CANTON, Ohio, Nov. 8, 2024 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today declared a quarterly cash dividend of 34 cents per share. The dividend is payable on Nov. 29, 2024, to shareholders of record as of Nov. 19, 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 410 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies. In addition, 2024 will mark the company's eleventh consecutive year of annual dividend growth.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

Investor Relations:
Neil Frohnapple
234.262.2310
investors@timken.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/timken-declares-quarterly-dividend-of-34-cents-per-share-302300043.html

SOURCE The Timken Company

FAQ

What is Timken's (TKR) quarterly dividend amount for November 2024?

Timken (TKR) declared a quarterly dividend of 34 cents per share for November 2024.

When is Timken's (TKR) November 2024 dividend payable?

Timken's dividend is payable on November 29, 2024, to shareholders of record as of November 19, 2024.

How long has Timken (TKR) maintained its dividend streak?

Timken has paid dividends for 410 consecutive quarters since its NYSE listing in 1922, making it one of the longest-running dividend streaks among NYSE-listed companies.

What were Timken's (TKR) sales in 2023?

Timken reported sales of $4.8 billion in 2023.