Timken Highlights Strong Dividend History and Future Growth
Timken Board Declares New Quarterly Dividend
The Timken Company (NYSE: TKR) has recently announced a quarterly dividend of 35 cents per share, continuing its robust history in shareholder returns. This dividend, which is scheduled for payment on August 29, is directed to those who are shareholders as of August 19. This significant announcement underscores Timken's commitment to delivering value to its investors.
Timken's Proud Dividend Tradition
Since its original listing on the New York Stock Exchange in 1922, Timken has consistently paid dividends on its common shares. The upcoming payout marks the 413th consecutive quarter of dividends, a noteworthy achievement that establishes the company as one of the leaders in this respect among NYSE-listed firms. This remarkable streak reflects Timken's enduring philosophy of providing reliable returns to its stakeholders.
About The Timken Company
The Timken Company is a recognized leader in the field of engineered bearings and industrial motion. With a legacy of over 125 years, Timken has established itself as a key innovator, delivering cutting-edge solutions tailored to meet the needs of diverse industries. In the recent financial year, Timken showcased impressive sales numbers, totaling $4.6 billion, demonstrating its robust business model and market competitiveness.
Global Operations and Customer-Centric Approach
Employing approximately 19,000 people across 45 countries, Timken operates through a vast global footprint. The company's success is rooted in its commitment to innovation, with a focus on creating customer-centric solutions that enhance reliability and efficiency. By leveraging its specialized expertise, Timken continues to develop a growing portfolio of next-generation products aimed at sustaining its leadership position in the industry.
Media Relations and Investor Contacts
If you need more information, you can reach out to Scott Schroeder from the Media Relations team at 234.262.6420. For matters concerning investor relations, Neil Frohnapple is available at 234.262.2310. Both are dedicated to ensuring timely communication and transparency with stakeholders.
Frequently Asked Questions
1. What is the new dividend amount declared by Timken?
The Timken Company declared a quarterly dividend of 35 cents per share.
2. When is the dividend payment scheduled?
The dividend is scheduled to be paid on August 29 to shareholders on record as of August 19.
3. How long has Timken been paying dividends?
Timken has paid dividends every quarter since 1922, marking 413 consecutive quarters.
4. What is Timken known for?
Timken is recognized as a leader in engineered bearings and industrial motion solutions.
5. How can I contact Timken for media inquiries?
For media inquiries, you can contact Scott Schroeder at 234.262.6420.
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