The Timken Company (NYSE:TKR) will begin trading ex-dividend on November 23, 2020. The quarterly dividend payment of $ 0.29 per share is scheduled to be paid on December 3, 2020. The dividend yield based on the latest trading day closing price was 1.61 percent. Shareholders who purchased TKR shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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The Timken Company recently reported third quarter financial results on October 29, 2020, before market open, the North Canton based company unwinded income for the third quarter of $ 1.13 per share, from the revenue of $ 894.60 million. The quarterly earnings reduced 0.88 percent while revenues down 2.12 percent compared with the same quarter last year.
According to street consensus, TKR was expected to report 3Q20 income of $ 0.90 per share from revenue of $ 817.12 million. The bottom line results beat street analysts by $ 0.23 or 25.56 percent, at the same time, top line results outshined analysts by $ 77.48 million or 9.48 percent.
Stock Performance
Shares of The Timken Company traded up $ 0.77 or 1.08 percent on Thursday, reaching $ 72.21 with volume of 413.00 thousand shares. The Timken Company has traded high as $ 72.30 and has cracked $ 70.46 on the downward trend
According to the previous trading day, closing price of $ 72.21, representing a 220.93 % increase from the 52 week low of $ 22.26 and a 3.35 % decrease over the 52 week high of $ 73.92.
The company has a market capital of $ 5.44 billion and is part of the Industrials sector and Tools & Accessories industry.
The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.
