Timken Company (The) (TKR) to Issue Quarterly Dividend of $0.35 on March 6th

Timken Company (The) (NYSE:TKR) declared a quarterly dividend on Friday, February 13th. Shareholders of record on Tuesday, February 24th will be paid a dividend of 0.35 per share by the industrial products company on Friday, March 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th.

Timken has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 12 years. Timken has a payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Timken to earn $6.71 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 20.9%.

Timken Stock Performance

Timken stock opened at $108.12 on Friday. The company’s 50-day moving average price is $94.14 and its 200-day moving average price is $83.38. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The company has a market cap of $7.52 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. Timken has a twelve month low of $56.20 and a twelve month high of $111.39.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $1.16 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities research analysts forecast that Timken will post 5.62 EPS for the current fiscal year.

About Timken

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.