Timken Increases Quarterly Dividend by 38% to $.18

Timken Company

today declared a quarterly cash dividend of 18 cents per share, an increase of five cents per share, or 38 percent, over the previous quarterly amount. This is the second time this year that the dividend has been increased. The dividend is payable on December 2, 2010, to shareholders of record as of November 22, 2010. It will be the 354th consecutive dividend paid on the common stock of the company.