The ex-dividend date for Timken Company (NYSE:TKR) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $43.58 as of 9:47 a.m., the dividend yield is 1.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Timken Company (NYSE: TKR) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $43.58 as of 9:47 a.m. ET, the dividend yield is 1.8%. The average volume for Timken has been 1.3 million shares per day over the past 30 days. Timken has a market cap of $4.3 billion and is part of the industrial goods sector and industrial industry. Shares are down 9.1% year to date as of the close of trading on Tuesday. The Timken Company develops, manufactures, markets, and sells anti-friction bearings and related products and steel products primarily in the United States and Europe. The company has a P/E ratio of 10.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Timken as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Timken Ratings Report. See our dividend calendar or top-yielding stocks list.