NORTH
CANTON, Ohio, Nov. 3, 2023
/PRNewswire/ -- The board of directors of The Timken Company
(NYSE: TKR; www.timken.com), a global leader in engineered bearings
and industrial motion products, today declared a quarterly cash
dividend of 33 cents per share. The
dividend is payable on Nov. 29, 2023,
to shareholders of record as of Nov. 14,
2023.
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 406 consecutive quarters,
one of the longest-running dividend streaks among NYSE-listed
companies. In addition, 2023 will mark the company's tenth
consecutive year of annual dividend growth.
About The Timken Company
The Timken Company (NYSE:
TKR; www.timken.com) designs a growing portfolio of
engineered bearings and industrial motion products. With more than
a century of knowledge and innovation, we continuously improve the
reliability and efficiency of global machinery and equipment to
move the world forward. Timken posted $4.5
billion in sales in 2022 and employs more than 19,000 people
globally, operating from 46 countries. Timken has been recognized
among America's Most Responsible Companies by Newsweek,
the World's Most Ethical Companies® by
Ethisphere, America's Most Innovative Companies by
Fortune and America's Best Large Employers, Best
Employers for New Graduates and Best Employers for Women
by Forbes.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
Investor Relations:
Neil
Frohnapple
234.262.2310
neil.frohnapple@timken.com
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SOURCE The Timken Company