NORTH CANTON, Ohio,
Aug. 8, 2017 /PRNewswire/ -- The
board of directors of The Timken Company (NYSE: TKR;
www.timken.com), a world leader in engineered bearings and
mechanical power transmission products, today declared a quarterly
cash dividend of 27 cents per share.
The dividend is payable on Sept. 1,
2017, to shareholders of record as of Aug. 22, 2017.
This marks the 381st consecutive quarterly dividend paid on the
common shares of the company since The Timken Company joined 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; www.timken.com) engineers,
manufactures and markets bearings, gear drives, belts, chain,
couplings, lubrication systems and related products, and offers a
spectrum of powertrain rebuild and repair services. The leading
authority on tapered roller bearings, Timken today applies its deep
knowledge of metallurgy, tribology and mechanical power
transmission across a variety of bearings and related systems to
improve reliability and efficiency of machinery and equipment all
around the world. The company's growing product and services
portfolio features many strong industrial brands including
Timken®, Fafnir®, Philadelphia
Gear®, Drives®, Lovejoy®,
Groeneveld® and Interlube™. Known for its quality
products and collaborative technical sales model, Timken posted
$2.7 billion in sales in 2016. With
more than 14,000 employees operating from 29 countries, Timken
makes the world more productive and keeps industry in motion.
Media Relations:
234.262.3514
mediarelations@timken.com
Investor Relations:
Jason
Hershiser
234.262.7101
jason.hershiser@timken.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/timken-declares-quarterly-dividend-of-27-cents-per-share-300501117.html
SOURCE The Timken Company