Timken Increases Quarterly Dividend 4%
Resource from: Timken Likes:219
May 08,2015
NORTH CANTON, Ohio, May 7, 2015 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings, today approved a 4 percent increase to the company's quarterly dividend, raising it to $0.26 per share. The dividend to shareholders of record as of May 18, 2015, is payable on June 2, 2015.
"The board's decision to increase the dividend demonstrates the confidence they have in the company's ability to perform, generate cash and provide outstanding returns to shareholders," said Richard G. Kyle, president and chief executive officer of The Timken Company, in announcing the dividend increase. "Our business model is focused on value creation, and we're confident we have a robust strategy in place to deliver value to both our customers and our investors."
This marks the 372nd consecutive quarterly dividend paid on the common shares of the company since The Timken Company joined the New York Stock Exchange 92 years ago, and stands as one of the longest-running dividend records among NYSE-listed companies.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world. The company's growing product and services portfolio features many strong industrial brands including Timken®, Fafnir®, Philadelphia Gear®, Drives® and InterlubeTM. Known for its quality products and collaborative technical sales model, Timken posted $3.1 billion in sales in 2014. With 14,000 employees operating from 28 countries, Timken makes the world more productive and keeps industry in motion.
(Timken)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
