Today, November 29, 2023, marks an important moment for investors of Timken TKR. The company will distribute a dividend payout of $0.33 per share, demonstrating an annualized dividend yield of 1.86%. Remember, only shareholders prior to the ex-dividend date on November 13, 2023 are eligible for this payout.
Timken Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-02-19 | 4 | $0.29 | 1.56% | 2021-02-12 | 2021-02-22 | 2021-03-04 |
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 3.58%.
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
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $1.12 to $1.23, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Timken
Investors can observe a growth in earnings for Timken from 2019 to 2022, as earnings per share increased from $4.76 to $5.58. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we delve into Timken's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.33 per share today, resulting in an annualized dividend yield of 1.86%.
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 3.58%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Timken appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Timken's previous dividends.
To keep track of which companies are distributing 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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