Timken Company (The) Plans Quarterly Dividend of $0.35 (NYSE:TKR)

Timken Company (The) (NYSE:TKR) announced a quarterly dividend on Friday, November 14th. Shareholders of record on Tuesday, November 25th will be given a dividend of 0.35 per share by the industrial products company on Friday, December 5th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, November 25th.

Timken has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Timken has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. 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 Up 3.8%

Shares of TKR stock opened at $77.42 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.11. Timken has a fifty-two week low of $56.20 and a fifty-two week high of $84.43. The firm has a market capitalization of $5.39 billion, a PE ratio of 18.30, a P/E/G ratio of 1.74 and a beta of 1.31. The stock’s 50-day simple moving average is $76.38 and its 200-day simple moving average is $75.29.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. Timken had a return on equity of 11.88% and a net margin of 6.54%.The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Timken’s revenue for the quarter was up 2.7% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts expect that Timken will post 5.62 earnings per share for the current year.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.