Timken Increases Dividend

NORTH CANTON, Ohio, May 8, 2018 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and mechanical power transmission products, today approved a 4 percent increase to the company's quarterly cash dividend, raising it to 28 cents per share. The dividend is payable on June 4, 2018, to shareholders of record as of May 18, 2018.

"A strong and growing dividend is a focus of our capital allocation strategy to create long-term value for our shareholders," said Richard G. Kyle, Timken president and chief executive officer.  "This dividend increase reflects the company's financial strength and our confidence in our strategy and future growth prospects."

This marks the 384th consecutive quarterly dividend paid on the common shares of the company since The Timken Company joined the New York Stock Exchange in 1922, one of the longest-running dividend records among NYSE-listed companies.

About BHR Bearing ( Shenzhen Qinggong Bearing Co, Ltd.)

Shenzhen Qinggong Bearing Co., Ltd. （www.bhrbearing.cn）is a well-know bearing manufacturer in China since the year 1996 with its own factory. Despite our own BHR bearings, we also distribute kinds of famous branded bearings from worldwide manufacturers SKF, FAG, NSK, KOYO, NTN, NACHI, ASAHI, TOYOTA......and OEM can also be supplied.

We Shenzhen Qinggong Bearing Co., Ltd. is focused and committed to deliver our customers high quality products and solutions because they are at the core of everything we do. By combining technology with our design engineering expertise we are able to offer a breadth of advanced bearings and solutions. 

With variety of bearinAgs, competitive prices, fast delivery and good after-sale service, hope we will get a chance to talk bearings together.