TimkenSteel Declares Quarterly Dividend of 14 Cents Per Share

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Nov 12, 2014, 04:30 ET

CANTON, Ohio, Nov. 12, 2014 /PRNewswire/ -- The board of directors of TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today declared a quarterly cash dividend of 14 cents per share. The dividend is payable on Dec. 5, 2014, to shareholders of record as of Nov. 24, 2014.

TimkenSteel recently reported third-quarter net income of $25.7 million on net sales of $434.2 million. Net income increased 50.3 percent, and net sales increased 23.9 percent compared with the same period in the prior year.

About TimkenSteel Corporation
TimkenSteel (NYSE:TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries, TimkenSteel posted sales of $1.4 billion in 2013. Follow us on Twitter @TimkenSteel.

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SOURCE TimkenSteel Corporation