NORTH CANTON, Ohio, Feb. 10, 2023 /PRNewswire/ -- The board of directors of The Timken Company (NYSE:TKR, www.timken.com))), a global leader in engineered bearings and industrial motion products, today declared a quarterly cash dividend of 31 cents per share. The dividend is payable on March 6, 2023, to shareholders of record as of Feb. 21, 2023.

Timken has paid a dividend on its common shares every quarter since its listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend represents 403 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies.

About The Timken Company

The Timken Company (NYSE:TKR, www.timken.com) designs a growing portfolio of engineered bearings and industrial motion 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 $4.5 billion in sales in 2022 and employs more than 19,000 people globally, operating from 46 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere, and America's Best Employers, Best Employers for New Graduates and Best Employers for Women by Forbes.

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

Timken Declares Quarterly Dividend of 31 Cents Per Share