TKR Dividend Dates 2023

Company Description

The Timken Company designs, manufactures, and manages 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.

It also provides power transmission systems and flight-critical components for civil and military aircraft, which include bearings, rotor-head assemblies, helicopter transmission systems, turbine engine components, gears, and housings.

This segment sells its parts through a network of authorized automotive and heavy-truck distributors to individual end-users, equipment owners, operators, and maintenance shops.

The Process Industries segment provides industrial bearings and assemblies; power transmission components, such as gears and gearboxes; and linear motion products, couplings, seals, lubricants, chains, belts, and related products and services to OEMs and end-users in various industries.

It also offers aftermarket sales and service needs through a network of authorized industrial distributors; and repair and service for bearings and gearboxes, as well as electric motor rewind, repair, and services to end-users.

The company offers its products under the Timken, Philadelphia Gear, Drives, Cone Drive, Rollon, Lovejoy, Diamond, BEKA, and Groeneveld brands. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.

For a company founded more than 100 years ago is considered to be quite old in the stock market. The Timken Company has 18,000 employees. For more information about this company, please visit their website.

Analysis

We believe using more recent dividend history can provide better dividend analysis for a company.

The most recent TKR dividend details are as follows:
The dividend will be payable on MAY 30, 2023, to stockholders of record on MAY 16, 2023, with an ex-dividend date of MAY 15, 2023. This dividend is $0.330.
This is a 6.45% increase from the prior dividend of $0.310.

Based on our analysis, from NOV 21, 2012, TKR pays dividend 43 times.
Total dividend paid so far is $11.58. Average dividend is $0.27.
Maximum dividend is $0.33 while minimum dividend is $0.17.

Dividend Forecast

According to recent data, over last 11 years, TKR pays dividend consistently 43 times. In terms of dividend payment consistency, we rate it ten out of ten, which means the future dividend payment is fairly predictable and reliable. If investors are looking for dividend stocks, this could be one of the good indicators. On the other hand, frequent dividend payment during the year means investors don’t need to wait for too long to get dividend payment. It is good for someone lives on stock dividends as a source of income.

Compared with other stocks

Another way to look at a stock’s dividend is to compare it to a peer company’s dividend. If two stocks are in the same industry and have a similar market capitalisation, then they are considered similar.

Code MarketCap(M) Last Dividend
MANT 3,910 $0.410
TSM 391,840 $0.355
TKR 3,910 $0.330
BSBR 39,090 $0.089
BRKH 393 $0.000
HGTY 3,920 $0.000
DCRD 392 $0.000
CRUS 3,900 $0.000
KRTX 3,910 $0.000

As can be seen from the comparison table above, TKR ranks number three in this group of nine stocks with the latest dividend of $0.330.

Dividend History

Ex-Dividend Date Dividend Payment Date Record Date
15/05/2023 $0.33 30/05/2023 16/05/2023
17/02/2023 $0.31 06/03/2023 21/02/2023
18/11/2022 $0.31 02/12/2022 21/11/2022
12/08/2022 $0.31 02/09/2022 15/08/2022
13/05/2022 $0.31 02/06/2022 16/05/2022
18/02/2022 $0.3 04/03/2022 22/02/2022
19/11/2021 $0.3 03/12/2021 22/11/2021
19/08/2021 $0.3 03/09/2021 20/08/2021
20/05/2021 $0.3 03/06/2021 21/05/2021
19/02/2021 $0.29 04/03/2021 22/02/2021
23/11/2020 $0.29 03/12/2020 24/11/2020
20/08/2020 $0.28 03/09/2020 21/08/2020
21/05/2020 $0.28 03/06/2020 22/05/2020
20/02/2020 $0.28 04/03/2020 21/02/2020
21/11/2019 $0.28 04/12/2019 22/11/2019
20/08/2019 $0.28 04/09/2019 21/08/2019
21/05/2019 $0.28 04/06/2019 22/05/2019
19/02/2019 $0.28 04/03/2019 20/02/2019
19/11/2018 $0.28 04/12/2018 20/11/2018
16/08/2018 $0.28 05/09/2018 17/08/2018
17/05/2018 $0.28 04/06/2018 18/05/2018
16/02/2018 $0.27 02/03/2018 20/02/2018
16/11/2017 $0.27 01/12/2017 17/11/2017
18/08/2017 $0.27 01/09/2017 22/08/2017
17/05/2017 $0.27 01/06/2017 19/05/2017

TKR Dividend Growth Chart

A picture is better than thousands of words. The following chart shows you TKR dividend growth over the years.