By the close of today, March 06, 2024, Timken TKR will issue a dividend payout of $0.33 per share, resulting in an annualized dividend yield of 1.62%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 16, 2024.
Timken Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-16 | 4 | $0.33 | 1.62% | 2024-02-08 | 2024-02-20 | 2024-03-06 |
| 2023-11-13 | 4 | $0.33 | 1.86% | 2023-11-03 | 2023-11-14 | 2023-11-29 |
| 2023-08-14 | 4 | $0.33 | 1.41% | 2023-08-02 | 2023-08-15 | 2023-08-28 |
| 2023-05-15 | 4 | $0.33 | 1.78% | 2023-05-05 | 2023-05-16 | 2023-05-30 |
| 2023-02-17 | 4 | $0.31 | 1.49% | 2023-02-10 | 2023-02-21 | 2023-03-06 |
| 2022-11-18 | 4 | $0.31 | 1.71% | 2022-11-11 | 2022-11-21 | 2022-12-02 |
| 2022-08-12 | 4 | $0.31 | 1.95% | 2022-08-03 | 2022-08-15 | 2022-09-02 |
| 2022-05-13 | 4 | $0.31 | 2.04% | 2022-05-06 | 2022-05-16 | 2022-06-02 |
| 2022-02-18 | 4 | $0.3 | 1.81% | 2022-02-11 | 2022-02-22 | 2022-03-04 |
| 2021-11-19 | 4 | $0.3 | 1.59% | 2021-11-12 | 2021-11-22 | 2021-12-03 |
| 2021-08-19 | 4 | $0.3 | 1.57% | 2021-08-04 | 2021-08-20 | 2021-09-03 |
| 2021-05-20 | 4 | $0.3 | 1.33% | 2021-05-07 | 2021-05-21 | 2021-06-03 |
With a dividend yield that places it neither at the top nor the bottom, Timken finds itself in the middle among its industry peers, while Stanley Black & Decker SWK boasts the highest annualized dividend yield at 3.64%.
Analyzing Timken Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $1.13 in 2020 to $1.30 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Timken
From 2020 to 2023, Timken has demonstrated an upward trend in earnings, with earnings per share rising from $4.10 to $6.87. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
In this article, we explore the recent dividend payout of Timken and its significance for shareholders. The company has decided to distribute a dividend of $0.33 per share today, which equates to an annualized dividend yield of 1.62%.
With a dividend yield that places it neither at the top nor the bottom, Timken finds itself in the middle among its industry peers, while Stanley Black & Decker boasts the highest annualized dividend yield at 3.64%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Timken indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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