Timken Raises Quarterly Dividend to 36 Cents Per Share; Marking 13 Years of Increases

Rhea-AI Summary

The Timken Company (NYSE: TKR) said its board approved a 2.9% increase in the quarterly cash dividend to $0.36 per share, payable May 29, 2026, to shareholders of record May 19, 2026. This marks Timken's 13th consecutive year of higher annualized dividends and 416 consecutive quarters of payouts. The company reported $4.6 billion in 2025 sales and about 19,000 employees across 45 countries.

Positive

• Dividend raised 2.9% to $0.36 per share
• 416 consecutive quarters of dividend payments; 13 years of annualized increases

Negative

• None.

News Market Reaction – TKR

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In the May 8 session, TKR gained 1.40%, reflecting a mild positive market reaction.

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NORTH CANTON, Ohio, May 8, 2026 /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 approved a 2.9 percent increase in the company's quarterly cash dividend, raising it to 36 cents per share. The dividend is payable on May 29, 2026, to shareholders of record as of May 19, 2026.

"Timken is pleased to deliver another dividend increase, marking our 13^th year of higher annualized dividend payouts," said Lucian Boldea, president and chief executive officer. "This reflects the strength of our business and the confidence we have in the future earnings power of the company."

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 416 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 2025 and employs approximately 19,000 people globally, operating from 45 countries.

Media Relations:
Sarah Factor
234.262.4878
sarah.factor@timken.com

Investor Relations:
Neil Frohnapple
234.262.2310
investors@timken.com

 

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SOURCE The Timken Company

FAQ

What dividend did Timken (TKR) announce on May 8, 2026?

Timken announced a quarterly dividend of $0.36 per share, a 2.9% increase. According to the company, the dividend is payable May 29, 2026, to shareholders of record as of May 19, 2026.

When will Timken's (TKR) new dividend be paid and who is eligible?

The dividend is payable on May 29, 2026 to shareholders of record on May 19, 2026. According to the company, investors must hold shares by the record date to receive the payout.

How long has Timken (TKR) paid dividends continuously?

Timken has paid a dividend every quarter since its 1922 NYSE listing, totaling 416 consecutive quarters. According to the company, this represents one of the longest-running dividend streaks among NYSE-listed firms.

What does Timken (TKR) say about the reason for the dividend increase?

The company attributed the increase to the strength of its business and confidence in future earnings power. According to the company, the raise reflects management's view of continued operating performance.

What recent sales and workforce figures did Timken (TKR) report for 2025?

Timken reported $4.6 billion in sales for 2025 and approximately 19,000 employees across 45 countries. According to the company, these figures describe its global scale and operations.