Timken Declares Quarterly Dividend of 28 Cents Per Share

NORTH CANTON, Ohio, Nov. 12, 2019 /PRNewswire/ -- The board of directors of The Timken Company TKR www.timken.com))), a world leader in engineered bearings and power transmission products, today declared a quarterly cash dividend of 28 cents per share. The dividend is payable on Dec. 4, 2019, to shareholders of record as of Nov. 22, 2019.

This marks the 390th consecutive quarterly dividend paid on the common shares of the company since The Timken Company joined the New York Stock Exchange in 1922, one of the longest-running dividend records among NYSE-listed companies.

About The Timken Company

The Timken Company TKR www.timken.com))) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.6 billion in sales in 2018 and employs more than 18,000 people globally, operating from 35 countries.

Media Relations:

Scott Schroeder

234.262.6420

scott.schroeder@timken.com

Investor Relations:

Jason Hershiser

234.262.7101

jason.hershiser@timken.com

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SOURCE The Timken Company