BRIEF: Timken Co. boosts dividend by 4 percent

Release Time：09 May,2018

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180509/20180509091926_62954.bmp" alt="" /> </p> <p style="text-align:center;"> <br /> </p> <p style="text-align:left;"> The Jackson Township maker of bearings and mechanical power transmission products said the new 28 cents per share dividend will be payable on June 4 to shareholders of record as of May 18, 2018.<br /> <br /> "A strong and growing dividend is a focus of our capital allocation strategy to create long-term value for our shareholders," Richard G. Kyle, Timken president and chief executive officer, said in a news release. "This dividend increase reflects the company's financial strength and our confidence in our strategy and future growth prospects."<br /> <br /> This will be the 384th consecutive quarterly dividend paid on Timken shares since the company joined the New York Stock Exchange in 1922.<br /> <br /> (c)2018 the Akron Beacon Journal (Akron, Ohio)<br /> <br /> Visit the Akron Beacon Journal (Akron, Ohio) at www.ohio.com<br /> <br /> Distributed by Tribune Content Agency, LLC. </p>