Timken declares quarterly dividend

NORTH CANTON – The Timken Company board of directors on Monday declared a quarterly cash dividend of 25 cents per share.

The dividend is payable on Dec. 5 to shareholders of record as of Nov. 24.

This marks the 370th consecutive quarterly dividend paid on the common shares of the company since Timken joined the New York Stock Exchange in 1922, one of the longest-running dividend records among NYSE-listed companies.

Timken is a global manufacturer of bearings and related components and assemblies

The company, with approximately 17,000 people operating in 28 countries, posted $3 billion in sales in 2013, excluding steel business sales.