Timken Declares Quarterly Dividend of 34 Cents Per Share

Rhea-AI Summary

The Timken Company (NYSE: TKR), a global technology leader in engineered bearings and industrial motion, has declared a quarterly cash dividend of 34 cents per share, payable on March 7, 2025, to shareholders of record as of Feb. 25, 2025.

This declaration marks 411 consecutive quarters of dividend payments, establishing one of the longest-running dividend streaks among NYSE-listed companies, dating back to its original NYSE listing in 1922. The company reported $4.6 billion in sales in 2024 and operates globally with approximately 19,000 employees across 45 countries.

Positive

• Consistent dividend payment track record of 411 consecutive quarters since 1922
• Strong sales performance with $4.6 billion in 2024
• Broad global presence with operations in 45 countries
• Maintains stable quarterly dividend of $0.34 per share

Negative

• None.

NORTH CANTON, Ohio, Feb. 14, 2025 /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 March 7, 2025, to shareholders of record as of Feb. 25, 2025.

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 411 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 more than 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted $4.6 billion in sales in 2024 and employs approximately 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-302377140.html

SOURCE The Timken Company

FAQ

What is Timken's (TKR) current quarterly dividend amount for 2025?

Timken (TKR) has declared a quarterly dividend of 34 cents per share for Q1 2025.

When is Timken's (TKR) next dividend payment date in 2025?

Timken's next dividend payment is scheduled for March 7, 2025, with a record date of February 25, 2025.

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

Timken has maintained dividend payments for 411 consecutive quarters since its NYSE listing in 1922, making it one of the longest-running dividend streaks among NYSE-listed companies.

What was Timken's (TKR) total sales revenue in 2024?

Timken reported total sales of $4.6 billion in 2024.

How many countries does Timken (TKR) operate in globally?

Timken operates in 45 countries globally with approximately 19,000 employees.