By the close of today, August 28, 2023, Timken TKR will issue a dividend payout of $0.33 per share, resulting in an annualized dividend yield of 1.41%. Only those investors who owned the stock prior to the ex-dividend date on August 14, 2023 will receive this payout.
Timken Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-14 | 4 | $0.33 | 1.41% | 2023-08-02 | 2023-08-15 | 2023-08-28 |
| 2023-05-15 | 4 | $0.33 | 1.78% | 2023-05-05 | 2023-05-16 | 2023-05-30 |
| 2023-02-17 | 4 | $0.31 | 1.49% | 2023-02-10 | 2023-02-21 | 2023-03-06 |
| 2022-11-18 | 4 | $0.31 | 1.71% | 2022-11-11 | 2022-11-21 | 2022-12-02 |
| 2022-08-12 | 4 | $0.31 | 1.95% | 2022-08-03 | 2022-08-15 | 2022-09-02 |
| 2022-05-13 | 4 | $0.31 | 2.04% | 2022-05-06 | 2022-05-16 | 2022-06-02 |
| 2022-02-18 | 4 | $0.3 | 1.81% | 2022-02-11 | 2022-02-22 | 2022-03-04 |
| 2021-11-19 | 4 | $0.3 | 1.59% | 2021-11-12 | 2021-11-22 | 2021-12-03 |
| 2021-08-19 | 4 | $0.3 | 1.57% | 2021-08-04 | 2021-08-20 | 2021-09-03 |
| 2021-05-20 | 4 | $0.3 | 1.33% | 2021-05-07 | 2021-05-21 | 2021-06-03 |
| 2021-02-19 | 4 | $0.29 | 1.56% | 2021-02-12 | 2021-02-22 | 2021-03-04 |
| 2020-11-23 | 4 | $0.29 | 1.69% | 2020-11-13 | 2020-11-24 | 2020-12-03 |
Timken's dividend yield falls in the middle range when compared to its industry peers, with Stanley Black & Decker SWK having the highest annualized dividend yield at 3.63%.
Analyzing Timken Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.12 to $1.23. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Timken
From 2019 to 2022, Timken experienced a growth in earnings per share, with an increase from $4.76 to $5.58. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Timken and its implications for shareholders. Presently, the company is distributing a dividend of $0.33 per share, leading to an annualized dividend yield of 1.41%.
Timken's dividend yield falls in the middle range when compared to its industry peers, with Stanley Black & Decker having the highest annualized dividend yield at 3.63%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Timken appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Timken's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ex-Date | ticker | name | Dividend | Yield | Announced | Record | Payable |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
