Timken Increases Quarterly Dividend to 16 Cents Per Share
04 Agosto 2006 - 9:15PM
PR Newswire (US)
CANTON, Ohio, Aug. 4 /PRNewswire-FirstCall/ -- The board of
directors of The Timken Company (NYSE:TKR) today declared a
quarterly cash dividend of 16 cents per share, an increase of 1
cent per share. The dividend is payable on Sept. 6, 2006, to
shareholders of record as of Aug. 18, 2006. It will be the 337th
consecutive dividend paid on the common stock of the company.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO) "The
company continues to enjoy strong industrial markets and the
benefits of its strategic actions that are delivering profitable
growth," said Timken Chairman Ward J. Timken, Jr. "Our decision to
raise the quarterly dividend reflects our confidence in our ability
to drive further improvement in Timken's performance going forward
and our commitment to delivering value to our shareholders." About
The Timken Company The Timken Company (NYSE:TKR)
(http://www.timken.com/) keeps the world turning, with innovative
ways to make customers' products run smoother, faster and more
efficiently. Timken's highly engineered bearings, alloy steels and
related products and services turn up everywhere. With operations
in 27 countries, sales of $5.2 billion in 2005 and 27,000
employees, Timken is Where You Turn(TM) for better performance.
Certain statements in this news release (including statements
regarding the company's expectations) that are not historical in
nature are "forward- looking" statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The company
cautions that actual results may differ materially from those
implied in forward-looking statements due to a variety of important
factors, including: fluctuations in raw material and energy costs
and the operation of the company's surcharge mechanisms; the
company's ability to respond to the changes in its end markets;
changes in the financial health of the company's customers; and the
impact on operations of general economic conditions, fluctuations
in customer demand and the company's ability to achieve the
benefits of its future and ongoing programs and initiatives. These
and additional factors are described in greater detail in the
company's Annual Report on Form 10-K for the year ended Dec. 31,
2005, page 65, and in the company's Quarterly Report on Form 10-Q
for the quarter ended March 31, 2006. The company undertakes no
obligation to update or revise any forward- looking statement. NEWS
MEDIA CONTACT: Jeff Dafler, Manager - Global Media Relations and
Government Affairs, Telephone: (330) 471-3514, Facsimile: (330)
471-4118, INVESTOR CONTACT: Steve Tschiegg, Manager - Investor
Relations, Telephone: (330) 471-7446, Facsimile: (330) 471-2797,
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT:
Media, Jeff Dafler, Manager - Global Media Relations and Government
Affairs, +1-330-471-3514, or Fax, +1-330-471-4118, or , or
Investors, Steve Tschiegg, Manager - Investor Relations,
+1-330-471-7446, or Fax, +1-330-471-2797, or , both of The Timken
Company Web site: http://www.timken.com/
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