CANTON, Ohio, Nov. 16, 2012 /PRNewswire-FirstCall/ -- The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 23 cents per share. The dividend is payable on Dec. 4, 2012, to shareholders of record as of Nov. 26, 2012.
This marks the 362nd consecutive quarterly dividend paid on the common stock of the company since Timken was listed on the New York Stock Exchange in 1922 – one of the longest running dividend records among NYSE-listed companies.
About The Timken Company The Timken Company (NYSE: TKR), a global industrial technology leader, applies its deep knowledge of metallurgy, friction management and power transmission to improve the reliability and efficiency of machinery all around the world.
The company engineers, manufactures and markets mechanical components and high-performance steel. Its bearings, engineered-steel bars and tubes—as well as transmissions, gearboxes, chain and related products and services—support diversified markets worldwide.
With sales of $5.2 billion in 2011 and approximately 21,000 people operating from 30 countries, Timken makes the world more productive and keeps industry in motion.
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SOURCE The Timken Company