Timken Company (The) (NYSE:TKR) Plans Quarterly Dividend of $0.36

Key Points

• Timken declared a quarterly dividend of $0.36 per share, up 2.9% from the prior $0.35 payment. The dividend is payable on May 29 to shareholders of record on May 19, with an ex-dividend date of May 19.
• The new dividend implies an annualized payout of $1.40 per share and a yield of about 1.2%. Timken’s payout ratio remains low at 23%, suggesting the dividend is well covered by earnings.
• The company also reported solid quarterly results, with EPS of $1.67 beating analyst estimates and revenue of $1.23 billion topping expectations. Management set FY2026 EPS guidance at $5.75 to $6.25.

Timken Company (The) (NYSE:TKR - Get Free Report) declared a quarterly dividend on Friday, May 8th. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.36 per share by the industrial products company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a 2.9% increase from Timken's previous quarterly dividend of $0.35.

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 dividend payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Timken to earn $6.62 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 21.1%.

Timken Trading Up 1.4%

Timken stock traded up $1.63 during midday trading on Friday, hitting $117.97. 831,505 shares of the stock were exchanged, compared to its average volume of 816,959. The company has a current ratio of 2.88, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. The stock's 50-day simple moving average is $104.05 and its 200 day simple moving average is $93.67. Timken has a fifty-two week low of $67.14 and a fifty-two week high of $123.67. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.74 and a beta of 1.18.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $1.40 EPS. The business's revenue was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities analysts anticipate that Timken will post 5.9 EPS for the current 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.

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