The Timken Company Increases Quarterly Dividend to 15 Cents Per Share
01 Febbraio 2005 - 5:25PM
PR Newswire (US)
The Timken Company Increases Quarterly Dividend to 15 Cents Per
Share CANTON, Ohio, Feb. 1 /PRNewswire-FirstCall/ -- The board of
directors of The Timken Company (NYSE:TKR) today declared a
quarterly cash dividend of 15 cents per share, an increase of 2
cents per share. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) The dividend
is payable on March 2, 2005 to shareholders of record as of
February 18, 2005. It will be the 331st consecutive dividend paid
on the common stock of the company. Commenting on the dividend
increase, Timken Chairman W.R. Timken, Jr., said: "Strategic
actions, including the Torrington acquisition, have improved the
company's earning power and financial performance. We are pleased
to raise the dividend and deliver increased value for our
shareholders." The Timken Company (http://www.timken.com/) is a
leading global manufacturer of highly engineered bearings and alloy
steels and a provider of related products and services with
operations in 27 countries. The company reported record sales of
$4.5 billion in 2004 and employed approximately 26,000 at year-end.
CONTACT: Media: Denise Bowler, Manager - Communications Planning
and Integration, +1-330-471-3485, or Investor Contact: Kevin R.
Beck, Manager - Investor Relations, +1-330-471-7181, both of The
Timken Company.
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT:
Media: Denise Bowler, Manager - Communications Planning and
Integration, +1-330-471-3485, or Investor Contact: Kevin R. Beck,
Manager - Investor Relations, +1-330-471-7181, both of The Timken
Company Web site: http://www.timken.com/
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