CANTON, Ohio, May 11 /PRNewswire-FirstCall/ -- On the heels of
a first-quarter report highlighting stronger financial performance
and an improved outlook, the board of directors of The Timken
Company (NYSE: TKR) today declared a quarterly cash dividend of
13 cents per share, an increase of
four cents per share over the
previous quarterly amount. The dividend is payable on
June 2, 2010, to shareholders of
record as of May 21, 2010. It
will be the 352nd consecutive dividend paid on the common stock of
the company.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20100210/TIMKENLOGO)
Chairman Ward J. "Tim" Timken, Jr., said, "The Timken Company is
well-positioned for its next century of growth. The board's
decision to increase the dividend signals our confidence in the
company's future and our commitment to return greater value to
shareholders."
About The Timken Company
The Timken Company (NYSE: TKR, http://www.timken.com) keeps the
world turning with innovative friction management and power
transmission products and services, enabling our customers'
machinery to perform more efficiently and reliably. With sales of
$3.1 billion in 2009, operations in
26 countries/territories and approximately 17,000 employees, Timken
is Where You Turn® for better performance.
Media Contact: Lorrie Paul Crum,
Manager – Global Media and Strategic Communications, Mail Code:
GNW-37, 1835 Dueber Avenue, S.W., Canton,
OH 44706 U.S.A., Telephone: (330) 471-3514, Mobile: (330)
224-5021, lorrie.crum@timken.com, or www.timken.com/media, Investor
Contact: Steve Tschiegg, Director –
Capital Markets and Investor Relations, Mail Code: GNE-26, 1835
Dueber Avenue, S.W., Canton, OH
44706 U.S.A., Telephone: (330) 471-7446, steve.tschiegg@timken.com,
or www.timken.com/investors
SOURCE The Timken Company