Timken Declares 400th Consecutive Quarterly Dividend
The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today approved a three percent increase in the company's quarterly cash dividend, raising it to 31 cents per share. This dividend, which is payable on June 2, 2022, to shareholders of record as of May 16, 2022, marks the company's 400th consecutive quarterly dividend as a public company.
Timken has paid a dividend on its common shares every quarter since its listing on the New York Stock Exchange (NYSE) in 1922. With the dividend announced today Timken joins a distinguished list of companies to achieve this significant milestone.
"There's no better testament to The Timken Company's enduring value and strength than paying a dividend every quarter for 100 straight years," said John M. Timken, Jr., chairman. "Very few companies share this distinction, and Timken is poised to continue building on its century of achievements as a public company and creating sustainable value for all of our stakeholders."
"We're extremely proud to hold one of the longest-running dividend streaks among NYSE-listed companies, as it reflects the strength and resiliency of our business model and the steadfast demand for Timken products and technology," said Richard G. Kyle, president and chief executive officer. "As a global industrial leader serving a wide range of end markets worldwide, we will continue to advance the company strategy and invest in the business to drive future growth and strong returns for our shareholders."
Timken operates in 42 countries and supports a broad array of industrial end markets, including renewable energy and automation, which now represent the company's first and second largest individual end markets, respectively.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission 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 $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 42 countries.
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.
Next Siemens Examines Factory Automation and Virtual Manufacturing in the Automotive Industry
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.
