Timken Raises Quarterly Dividend by 2.9%

About this update from Timken India Limited

By Colin KellaherTimken's board has bumped up the company's quarterly dividend by 2.9%, to 36 cents from 35 cents.The new payout, equal to $1.44 a year, represents an annual yield of about 1.24% based on Thursday's closing price of $116.34, up from 1.2%.The North Canton, Ohio, maker of engineered bearings and industrial-motion products on Friday said the increased dividend is payable May 29 to shareholders of record May 19.Write to Colin Kellaher at [email protected]

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