Timken Increases Quarterly Dividend by 38 Percent

Nov.  10. 2010                               WWW.OBTBEARING.COM

About The Timken Company

The Timken Company (NYSE: TKR ) keeps the world turning with innovative friction management and power transmission products and services, enabling its customers’ machinery to perform more efficiently and reliably. With sales of $3.1 billion in 2009, operations in 27 countries/territories and approximately 17,000 employees, Timken is Where You Turn® for better performance.

Following its third-quarter earnings release highlighting the Company’s continued strong financial performance, the board of directors of The Timken bearing Company (NYSE: TKR) today declared a quarterly cash dividend of 18 cents per share, an increase of five cents per share, or 38 percent, over the previous quarterly amount. This is the second time this year that the dividend has been increased.  The dividend is payable on December 2, 2010, to shareholders of record as of November 22, 2010.  It will be the 354th consecutive dividend paid on the common stock of the company.

Chairman Ward J. “Tim” Timken, Jr., said, “The Timken Company continues to be well-positioned to capitalize on growth in our targeted markets. The dividend increase represents our continuing confidence in the company’s future and our determination to return greater value to shareholders.”

The Timken Company

Shandong Obetter bearing Company is a leading global supplier in the areas of bearings, mechatronics, services. OBT Group as a high-tech enterprise and professional manufacturer specicalized in ball bearing and roller bearing. we can produce non-standard bearing and machine parts as our customers request. we always follows the principles of "Good Faith, Equality, Cooperation and Win-Win" to cooperate with our customers.

For additional information, please contact:
Company brand: OBT Bearing
Company Name: Shandong Obetter Bearing Co., Ltd
WebSite: www.obtbearing.com  
Tel/FAX:86-635-8511972
E-mail: obtbearing@163.com