Timken Company (The) (NYSE:TKR – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.36 per share by the industrial products company on Friday, August 28th. Timken has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. (Get Free Report)The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products.