Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Industry

 

Timken Increases Quarterly Dividend by 38 Percent

Popularity:
         Views: 1725
2010-11-10 06:58:04     
The Timken Company

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.

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

Manager – Brand Management &

Corporate Support

Mail Code: GNW-37

1835 Dueber Avenue, S.W.

Canton, OH 44706 U.S.A.

Telephone: (330) 471-3294

Mobile: (330) 284-0692

christina.tharp(at)timken.com

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(at)timken.com

Specialized in: Bearings - Alloy Steel - Power Transmission - Engineered Surfaces - Lubrication - Seals - Motion Control Systems - Power Transmission Components - Timken - Global - Manufacturer - Supplier
URL: http://www.timken.com/
Print press release      Bookmark this page
Related Press releases 
Artis Launches an Eclectic Range of Party Speakers (Popularity: ): Mumbai, Maharashtra - India, March 31, 2021 -- It’s the season to celebrate and party with friends and loved ones and Artis brings a wide and eclectic range of party speakers to choose from. Sleek and stylish, these speakers offer a superior audio and sound quality amping up the entire party experience. Whether indoors or outdoors, they are perfect for any setting.Using cutting-edge technology, the brand offers everything that one ...
MDSi Expands Its Leadership Team (Popularity: ): ALPHARETTA, Ga. - November 18, 2017 -- MDSi, announces their appointment of several key leadership team members strategically selected to position MDSi for future success. MDSi’s goal is to “stay ahead of the curve” from a technology perspective and hire the right leadership team members to drive the overall product and professional services portfolio.“We are beyond excited about our future and exceptional talent joining the MDSi team. This additional leadership ...
Ulatus Launches Website Localization Services to help Global Businesses tap Local Markets (Popularity: ): May 9, 2017, NEW YORK: Ulatus, one of the leading translation service providers worldwide, launched its Website Localization solution to help global organizations expand their local presence and deliver digital content in a localized manner. Ulatus has been the quintessential language service provider connecting businesses across the globe and helping them break language barriers for over a decade. With a vibrant design and befitting motto, ‘Global in spirit, local at ...
Ulatus Launches Academic Translation Services for Researchers in China (Popularity: ): February 22, 2017, BEIJING: Ulatus, one of the leading translation service providers worldwide, officially announced the launch of its translation services in China for native researchers, academicians and corporates to enable them to communicate with their global counterparts in their language. Ulatus strongly believes that language barriers should not obstruct free flow of knowledge and ideas. With this launch, Ulatus strengthens its support to Chinese academicians in overcoming this barrier ...
Steve LaMotta Joins HR Tech Advisor as Chief Collaborator (Popularity: ): West Chester, PA - January 27, 2017 -- HR Tech Advisor is proud to announce recently signing on Steve LaMotta as Chief Collaborator.When asked about his new role, LaMotta had a lot of passion to share: "I've spent many years as a leader at #SHRM, #EMA, #DallasHR, #HRBoardroom, #HCI, and #TalentManagement, during which I have witnessed partnerships being treated all too often as a simple "check box" for winning more ...


Related Business 
Indian Dividend Stocks (Popularity: ): in.dividendinvestor.com provides lates updates and information about indian stocks and best dividend yield stocks trading in india at the meantime. Get dividend tools like screeener, tracker and ealert to screen, track and get email elert on your favourite indian dividends through in.dividendinvestor. Get data like yield, payout ratio, ex dividend dates to make your investment even better.
Ex-dividend.com (Popularity: ): Searchable database of stocks that will pay a dividend.
The Daily Dividend Investor (Popularity: ): The Daily Dividend Investor provides insights and tips that will show you how to build passive income through a portfolio of dividend paying equities. It’s no secret thfedex delivers daily dividends income stream passive cash flowat the broader markets peaked about the 1st of May and with that, the DDI Portfolio had increased to just over $150k in total value. Painful as it is, I decided to check the value ...
UK Dividends (Popularity: ): Dividendinvestor.co.uk provides latest stocks updates of UK stocks market including LSE and ISE. Get some of the Best dividend Paying UK Stocks. You can Screen stocks with our screener tool. Track your entire dividend history for stocks you own.
Barcoding Software For Accpac (Popularity: ): Experience shows that when evaluating software it's rare to find a solution that meets every requirement out of the box. After 25 years in the trenches, we're realistic about implementing software. A standard solution should meet at least 85 percent of your needs (ideally more). Even 85 percent can be challenging if the setup of the system is not done correctly. In some cases, the software will meet all of ...
Discount Coupons on Kotak For TradeIndia (Popularity: ): Kotak Mahindra is offering coupons on Trade India, Kotak Cardholder needs to contact TradeIndia and mention that they wish to avail the Visa Offer. Kotak offers you 30 percent, 25 percent and 20 percent off on Trade India. Valit till 31st July 2014.
FaithPoint.com (Popularity: ): Christian music, books and gifts. Save fifty percent off bestselling Christian books, thirty percent off top Christian music and thirty percent off top Christian videos. Christian magazines, software and gifts are also discounted.
Allstate Agents Class (Popularity: ): 94 percent of the terminated employee agents were over age forty and 84 percent of the individuals hired to fill newly-created customer service positions were under age 40.
Sport Sponsorship (Popularity: ): Sports sponsorship is more than just visibility on a sports venue. It’s the entrance into a world that offers the full range of communications and an emotional access to your customers. In ’09, only 29 percent of survey respondents judged it to be a nine or 10 on a 10-point scale of value, placing it outside the top 10 benefits; this year, that figure was 40 percent, placing it fourth.
Dividend Capital Trust (Popularity: ): Offers investment opportunities through REIT.