Timken Declares Quarterly Dividend of 28 Cents Per Share

NORTH CANTON, Ohio, Feb. 7, 2020 /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 March 4, 2020, to shareholders of record as of Feb. 21, 2020.

This marks the 391th 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 $3.8 billion in sales in 2019 and employs more than 18,000 people globally, operating from 42 countries.

Media Relations:

Scott Schroeder

234.262.6420

scott.schroeder@timken.com

Investor Relations:

Neil Frohnapple

234.262.2310

neil.frohnapple@timken.com

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SOURCE The Timken Company