Timken Company Declares Quarterly Cash Dividend
The board of directors of The Timken Company (NYSE: TKR) recently announced a quarterly cash dividend of 35 cents per share. The dividend is set to be payable soon, demonstrating Timken's commitment to its shareholders. This announcement reflects the company's strong financial standing and dedication to providing consistent returns to its investors.
A Legacy of Consistent Dividends
Timken has remarkably paid dividends on its common shares every quarter since it first became a publicly listed company on the New York Stock Exchange in 1922. This upcoming dividend marks an impressive 414 consecutive quarters of dividend payments. This enduring track record is among the longest-running dividend streaks in NYSE history, showcasing the company's resilience and reliability.
Commitment to Growth
Looking ahead, 2025 will highlight Timken's ongoing commitment to shareholder value, marking the company's twelfth consecutive year of annual dividend growth. This achievement reflects Timken's strong operational performance and solid business strategies aimed at maximizing shareholder returns.
About The Timken Company
The Timken Company (NYSE: TKR) is recognized as a global leader in engineered bearings and industrial motion solutions. Over the past 125 years, the company has leveraged its specialized expertise to develop innovative products that deliver reliability and efficiency across diverse industries. In the previous fiscal year, Timken recorded impressive sales of $4.6 billion and has a robust workforce of approximately 19,000 employees operating in 45 countries worldwide.
Media Relations Contact
For inquiries related to media, you can reach out to Scott Schroeder at 234.262.6420.
Investor Relations Contact
For more information regarding investor relations, you can contact Neil Frohnapple at 234.262.2310.
Frequently Asked Questions
What is the declared dividend amount by Timken Company?
The Timken Company declared a quarterly cash dividend of 35 cents per share.
Since when has Timken been paying dividends?
Timken has paid dividends quarterly since it was listed on the New York Stock Exchange in 1922.
How many consecutive quarters has Timken paid dividends?
The company has paid dividends for an impressive 414 consecutive quarters.
What does the future hold for Timken's dividends?
Timken is set to see its twelfth consecutive year of annual dividend growth in 2025.
What industries does Timken serve?
Timken serves diverse industries through its engineered bearings and industrial motion solutions.