Timken Declares Quarterly Dividend of 34 Cents Per Share

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The Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion, has declared a quarterly cash dividend of 34 cents per share. The dividend is payable on Aug. 30, 2024, to shareholders of record as of Aug. 20, 2024. This marks 409 consecutive quarters of dividend payments, one of the longest-running dividend streaks among NYSE-listed companies. Timken has consistently paid dividends since its NYSE listing in 1922.

Timken, founded 125 years ago, reported $4.8 billion in sales for 2023 and employs over 19,000 people across 45 countries. The company has received recognition for innovation, responsibility, and workplace excellence from various prestigious publications.

Positive

• Declared quarterly dividend of $0.34 per share
• Maintained 409 consecutive quarters of dividend payments
• Reported $4.8 billion in sales for 2023
• Operates in 45 countries with over 19,000 employees
• Recognized for innovation and workplace excellence by reputable publications

Negative

• None.

NORTH CANTON, Ohio, Aug. 7, 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 Aug. 30, 2024, to shareholders of record as of Aug. 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 409 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), 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. The company posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries. Timken is one of the World's Most Innovative Companies, according to Fast Company, and has been recognized among America's Most Responsible Companies, America's Greatest Workplaces and America's Greatest Workplaces for Diversity by Newsweek, Best Companies to Work For by U.S. News & World Report, the World's Most Ethical Companies^® by Ethisphere and America's Most Innovative Companies by Fortune.

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

Investor Relations:
Neil Frohnapple
234.262.2310
investors@timken.com 

 

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SOURCE The Timken Company

FAQ

What is the amount of Timken's (TKR) quarterly dividend for August 2024?

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

When is the payment date for Timken's (TKR) latest dividend?

The dividend is payable on August 30, 2024, to shareholders of record as of August 20, 2024.

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

Timken (TKR) has paid dividends for 409 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies.

What was Timken's (TKR) sales figure for 2023?

Timken (TKR) reported $4.8 billion in sales for the year 2023.

How long has Timken (TKR) been paying dividends on the NYSE?

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