Timken's most recent quarterly dividend payment of $0.33 per share was made to shareholders on record before Feb 16, 2024. At an annualized rate of $1.32 per share, the stock yields 1.53%.
Timken's dividend yield of 1.53% is higher than the Industrials sector average but lower than the industry average. If we compare it with the Industrials sector average of 1.41%, Timken's dividend yield is 9% higher. Historically TKR's dividend yield has averaged at 1.9% in the last 5 years, which is more than the current one.
Timken has been paying dividends for the last 27 years. According to our data TKR has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 6% for the last year. However since the stock price has gone up by 10% from a year ago, the dividend yield has decreased by 3.2%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 16, 2024 | Mar 6, 2024 | Feb 8, 2024 | $0.33 | normal |
| Nov 13, 2023 | Nov 29, 2023 | Nov 3, 2023 | $0.33 | normal |
| Aug 14, 2023 | Aug 28, 2023 | Aug 2, 2023 | $0.33 | normal |
| May 15, 2023 | May 30, 2023 | May 5, 2023 | $0.33 | normal |
| Feb 17, 2023 | Mar 6, 2023 | Feb 10, 2023 | $0.31 | normal |
| Nov 18, 2022 | Dec 2, 2022 | Nov 11, 2022 | $0.31 | normal |
| Aug 12, 2022 | Sep 2, 2022 | Aug 3, 2022 | $0.31 | normal |
| May 13, 2022 | Jun 2, 2022 | May 6, 2022 | $0.31 | normal |
| Feb 18, 2022 | Mar 4, 2022 | Feb 11, 2022 | $0.3 | normal |
| Nov 19, 2021 | Dec 3, 2021 | Nov 12, 2021 | $0.3 | normal |
| Aug 19, 2021 | Sep 3, 2021 | Aug 4, 2021 | $0.3 | normal |
| May 20, 2021 | Jun 3, 2021 | May 7, 2021 | $0.3 | normal |
| Feb 19, 2021 | Mar 4, 2021 | Feb 12, 2021 | $0.29 | normal |
| Nov 23, 2020 | Dec 3, 2020 | Nov 13, 2020 | $0.29 | normal |
| Aug 20, 2020 | Sep 3, 2020 | Aug 7, 2020 | $0.28 | normal |
| May 21, 2020 | Jun 3, 2020 | May 8, 2020 | $0.28 | normal |
| Feb 20, 2020 | Mar 4, 2020 | Feb 7, 2020 | $0.28 | normal |
| Nov 21, 2019 | Dec 4, 2019 | Nov 12, 2019 | $0.28 | normal |
| Aug 20, 2019 | Sep 4, 2019 | Aug 9, 2019 | $0.28 | normal |
| May 21, 2019 | Jun 4, 2019 | May 10, 2019 | $0.28 | normal |
| Feb 19, 2019 | Mar 4, 2019 | Feb 6, 2019 | $0.28 | normal |
| Nov 19, 2018 | Dec 4, 2018 | Nov 9, 2018 | $0.28 | normal |
| Aug 16, 2018 | Sep 5, 2018 | Aug 7, 2018 | $0.28 | normal |
| May 17, 2018 | Jun 4, 2018 | May 8, 2018 | $0.28 | normal |
| Feb 16, 2018 | Mar 2, 2018 | Feb 9, 2018 | $0.27 | normal |
| Nov 16, 2017 | Dec 1, 2017 | Nov 3, 2017 | $0.27 | normal |
| Aug 18, 2017 | Sep 1, 2017 | Aug 8, 2017 | $0.27 | normal |
| May 17, 2017 | Jun 1, 2017 | May 9, 2017 | $0.27 | normal |
| Feb 17, 2017 | Mar 3, 2017 | Feb 10, 2017 | $0.26 | normal |
| Nov 18, 2016 | Dec 2, 2016 | Nov 11, 2016 | $0.26 | normal |
| Aug 11, 2016 | Sep 2, 2016 | Aug 2, 2016 | $0.26 | normal |
| May 18, 2016 | Jun 2, 2016 | May 10, 2016 | $0.26 | normal |
Timken's payout ratio of 23.9% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 30.4%, Timken's payout ratio is 21% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GD General Dynamics Corp | 1.91% | $5.38 | 43.4% |
| TKR Timken Co | 1.53% | $1.32 | 23.9% |
| STLD Steel Dynamics Inc | 1.36% | $1.77 | 12% |
Yes, Timken has paid four dividends in the last 12 months. TKR has been paying dividends since 1994.
TKR hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in May 2024.
Timken's last regular dividend was on Feb 16, 2024 (ex-date) with the amount of $0.33 per share.
TKR has paid dividend of $1.32 per share in the last year.
Currently Timken's dividend yield is 1.53%.
Timken pays dividends quarterly.
The dividend payout ratio of Timken is 23.9%.
Timken's dividend yield is more than the Industrials sector average.