CANTON, Ohio, Nov. 9, 2010 /PRNewswire-FirstCall/ -- Following
its third-quarter earnings release highlighting the Company's
continued strong financial performance, the board of directors of
The Timken Company (NYSE: TKR) today declared a quarterly cash
dividend of 18 cents per share, an
increase of five cents per share, or
38 percent, over the previous quarterly amount. This is the
second time this year that the dividend has been increased.
The dividend is payable on December 2, 2010, to
shareholders of record as of November
22, 2010. It will be the 354th consecutive dividend
paid on the common stock of the company.
(Logo: http://www.newscom.com/cgi-bin/prnh/20100210/TIMKENLOGO
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(Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO
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Chairman Ward J. "Tim" Timken, Jr., said, "The Timken Company
continues to be well-positioned to capitalize on growth in our
targeted markets. The dividend increase represents our continuing
confidence in the company's future and our determination 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 its customers'
machinery to perform more efficiently and reliably. With sales of
$3.1 billion in 2009, operations in
27 countries/territories and approximately 17,000 employees, Timken
is Where You Turn® for better performance.
Media Contact: Christina
Tharp
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Manager – Brand Management
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Corporate Support
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Mail Code: GNW-37
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1835 Dueber Avenue,
S.W.
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Canton, OH 44706
U.S.A.
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Telephone: (330)
471-3294
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Mobile: (330)
284-0692
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christina.tharp@timken.com
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Investor Contact: Steve
Tschiegg
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Director – Capital Markets and
Investor Relations
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Mail Code: GNE-26
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1835 Dueber Avenue,
S.W.
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Canton, OH 44706
U.S.A.
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Telephone: (330)
471-7446
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steve.tschiegg@timken.com
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SOURCE The Timken Company