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Stock Market & Financial Investment News

News Breaks
June 19, 2014
12:28 EDTTMST, TKRTimkenSteel sees 2014 revenue up 20%-25% from 2013
TimkenSteel (TMST) is hosting an investor meeting in advance of its planned spinoff from Timken (TKR). TimkenSteel projects revenue to increase by 20%-25% for 2014 over Timken's Steel segment 2013 revenue. The company is targeting a dividend payout ratio of 20%-30%, and expects an initial quarterly dividend of 13c-15c per share. On June 30, one share of TimkenSteel common stock will be distributed for every two shares of Timken common stock held by Timken shareholders of record as of June 23.
News For TMST;TKR From The Last 14 Days
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July 17, 2014
09:29 EDTTMSTTimkenSteel to invest $40M in additional continous heat-treat facility
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