Timken Declares Dividend; Increases Quarterly Payout by 11% to $0.20 (TKR)

Following The Timken Company's

strong first-quarter financial results and improved outlook, Timken's board of directors today declared a quarterly cash dividend of 20 cents per share, an increase of 2 cents per share over the previous quarterly amount. The dividend is payable on June 2, 2011, to shareholders of record as of May 20, 2011. It is the 356th consecutive dividend to be paid on the common stock of the company.