Timken Co. announces dividend, Lake chamber hands out awards

Timken continues long dividend streak, Lake Township Chamber recognizes community leaders

Published on Feb. 22, 2026

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The Timken Co. announced a quarterly dividend of 35 cents per share for the first quarter of 2026, marking more than 400 consecutive quarters of dividends. The company also announced several leadership changes. Meanwhile, the Lake Township Chamber of Commerce will recognize six individuals at its annual dinner, and Visit Canton will present two new awards.

Why it matters

Timken's long history of consistent dividend payments demonstrates its financial stability and commitment to shareholders. The Lake Township Chamber awards highlight the importance of community leadership, innovation, and dedication in the local business community.

The details

Timken, a Jackson Township-based manufacturer of industrial motion products, has paid a dividend every quarter since joining the New York Stock Exchange in 1922. The company also announced several leadership changes, including updates to its operating model and talent placements to support its growth objectives. The Lake Township Chamber of Commerce will recognize six individuals at its annual dinner, including Norm Wengerd, CEO of GentleBrook, who will receive the Lifetime Achievement or Legacy Award. Visit Canton will also present the Tourism Ambassador Award and the Destination Impact Award.

  • Timken's quarterly dividend of 35 cents per share will be payable to shareholders on March 6, 2026.
  • The Lake Township Chamber of Commerce annual dinner will be held on February 24, 2026.

The players

Timken Co.

A manufacturer of industrial motion products based in Jackson Township, Ohio.

Lucian Boldea

President and CEO of Timken Co.

Norm Wengerd

CEO of GentleBrook since 2008, recipient of the Lake Township Chamber's Lifetime Achievement or Legacy Award.

Chip Weisel

President of the Lake Township Chamber of Commerce.

Megan Wise

Tourism director for the Lake Township Chamber of Commerce, recipient of the Visit Canton Tourism Ambassador Award.

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What they’re saying

“Having the right talent in the right place is critical to achieving that objective. These targeted leadership updates align with our primary growth drivers and further empower our team to leverage our complementary product portfolio to support customers more comprehensively as one Timken.”

— Lucian Boldea, President and CEO, Timken Co. (the-review.com)

“Our 2025 slate of award recipients makes evident the importance of history, longevity, innovation and dedication in a prosperous and thriving community. We are excited to recognize these deserving honorees.”

— Chip Weisel, President, Lake Township Chamber of Commerce (the-review.com)

“Norm has reflected a continued dedication to service and compassionate leadership, and his influence extends far beyond any individual accomplishments, leaving a legacy that will continue to shape and inspire the Lake Township community.”

— Chip Weisel, President, Lake Township Chamber of Commerce (the-review.com)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Timken's consistent dividend payments and the Lake Township Chamber's recognition of community leaders demonstrate the importance of financial stability, innovation, and dedication in supporting a thriving local business environment.