TimkenSteel announces 5th consecutive dividend of USD0.14 per share for quarter.
M2 EQUITYBITES-August 13, 2015-TimkenSteel announces 5th consecutive dividend of USD0.14 per share for quarter
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The board of directors of TimkenSteel (NYSE:TMST) approved a dividend of USD0.14 per share, the company revealed on Wednesday.
This dividend will be paid on 10 September 2015 to shareholders of record as of 27 August 2015
TimkenSteel added that it has paid dividends every quarter since it became public in June 2014.
Head quartered in Canton, Ohio, TimkenSteel operates in two segments, Industrial & Mobile and Energy & Distribution and posted sales of USD1.7bn in 2014.
The company customises its products and services for applications with the manufacture of alloy steel and carbon and micro-alloy steel products. It sells its products and services in oil and gas, automotive, industrial equipment, mining, construction, rail, aerospace and defence, heavy truck, agriculture and power generation markets worldwide.
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| Publication: | M2 EquityBites (EQB) |
|---|---|
| Date: | Aug 13, 2015 |
| Words: | 160 |
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