Timken Stock To Go Ex-dividend Tomorrow (TKR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Timken Company (NYSE: TKR) is tomorrow, May 15, 2013. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $56.68 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Timken has been 730,300 shares per day over the past 30 days. Timken has a market cap of $5.48 billion and is part of the industrial goods sector and industrial industry. Shares are up 18.7% year to date as of the close of trading on Monday.

The Timken Company engineers, manufactures, and markets mechanical components and high-performance steel products worldwide. It operates through four segments: Mobile Industries, Process Industries, Aerospace and Defense, and Steel. The company has a P/E ratio of 13.4, 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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Timken Ratings Report.

See our dividend calendar or top-yielding stocks list.

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