Gold prices fall as geopolitical tensions ease; U.S. CPI looms
NORTH CANTON, Ohio - The Timken Company (NYSE:TKR), a manufacturer of engineered bearings and industrial motion products, announced Friday that its board of directors has declared a quarterly cash dividend of 35 cents per share. The dividend represents a 1.89% yield, with the company having raised its dividend for 11 consecutive years, according to InvestingPro data.
The dividend will be payable on Aug. 29, 2025, to shareholders of record as of Aug. 19, 2025, according to a company press release.
This payment marks the company’s 413th consecutive quarterly dividend, extending one of the longest dividend streaks among companies listed on the New York Stock Exchange. Timken has maintained uninterrupted quarterly dividend payments since its original NYSE listing in 1922.
Timken, which reported $4.6 billion in sales in 2024, operates in 45 countries with approximately 19,000 employees globally. The company specializes in engineered bearings and industrial motion technology.
The quarterly dividend announcement comes as part of the company’s regular financial operations and represents a continuation of its long-standing shareholder return policy. With a current ratio of 3.13 and analysts forecasting profitability for the year ahead, the company maintains a solid foundation for its dividend program.
In other recent news, Timken Company reported its second-quarter earnings for 2025, surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $1.42, exceeding the forecasted $1.37. Revenue also came in above expectations at $1.17 billion, although it showed a slight year-over-year decline. Despite these positive results, Timken has issued a cautious outlook for the remainder of 2025, anticipating a revenue decline of approximately 1% and providing EPS guidance between $5.10 and $5.40. There were no recent upgrades or downgrades from analysts mentioned. No mergers or acquisitions were reported in the recent updates. These developments offer a snapshot of Timken’s current financial standing and projections.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.