Timken Company (The) (NYSE:TKR) to Issue $0.36 Quarterly Dividend

Timken Company (The) (NYSE:TKR) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.36 per share by the industrial products company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 18th.

Timken has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 12 years. Timken has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Timken to earn $7.12 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 20.2%.

Timken Price Performance

NYSE:TKR opened at $131.64 on Thursday. The stock has a market capitalization of $9.15 billion, a PE ratio of 35.67, a P/E/G ratio of 1.57 and a beta of 1.21. The firm has a fifty day simple moving average of $137.60 and a 200 day simple moving average of $116.60. Timken has a 1-year low of $70.57 and a 1-year high of $146.37. The company has a current ratio of 3.10, a quick ratio of 1.55 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. Timken’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts expect that Timken will post 6.19 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.