The Timken Company Increases Quarterly Dividend to 15 Cents Per Share

CANTON, Ohio, Feb 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 15 cents per share, an increase of 2 cents per share. The dividend is payable on March 2, 2005 to shareholders of record as of February 18, 2005. It will be the 331st consecutive dividend paid on the common stock of the company. Commenting on the dividend increase, Timken Chairman W.R. Timken, Jr., said: "Strategic actions, including the Torrington acquisition, have improved the company's earning power and financial performance. We are pleased to raise the dividend and deliver increased value for our shareholders."