Timken Co. raises dividend by 3%
CRAIN S AKRON BUSINESS
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The Timken Co. (NYSE: TKR), the North Canton-based producer of engineered bearings and power transmission products, said it is raising its quarterly cash dividend to shareholders by 3%.
Directors of Timken approved the increase to 30 cents per share. Timken said in a news release that the dividend is payable on June 3 to shareholders of record as of May 21. The increase in our dividend reflects our long-term outlook and ability to continue to grow the earnings power of the company, said Richard G. Kyle, Timken s president and CEO, in a statement. He said the upcoming dividend will mark 99 straight years of consecutive quarterly dividends at the company.
Wooster Planning Commission OKs new Melrose Drive housing development
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BOARDMAN Sometimes, less can be a lot more.
“I’ve had no complaints from vendors, no complaints from people coming in,” Karen Caruso, the Home Builders Association’s executive officer, said Saturday. “It just gives you a bright outlook.”
Caruso was referring to the restrictions and modifications, because of the pandemic, to the 70th annual HBA Home and Garden Show at Mr. Anthony’s Banquet Center, 7440 South Ave., which began Friday and continues 10 a.m. to 4 p.m. today.
This year’s event has about 55 local and regional vendors, down from the usual 85 to 90, as well as wider aisles to keep attendees safer. Organizers also are strictly following Ohio Department of Health guidelines by requiring people to wear masks, social distance and adhere to one-way foot traffic patterns, she explained.
CANTON Members of the Stark County Board of Elections want to know when county commissioners will decide whether to approve the proposed $6.5 million purchase of Dominion voting machines.
And the agency s chairman said the board will take legal action if commissioners keep putting off a decision.
After a 38-minute executive session Tuesday to discuss the purchase of property for public purposes, Board Chairman Samuel Ferruccio instructed the board staff to ask commissioners for a firm (decision) date on the voting machines. Then he said the board, which unanimously approved the purchase Dec. 9, would consider its legal options going forward.
When asked later if the subject of the executive session was the voting machines, Ferruccio said, You can read between the lines, but it s an executive session.”
NIMISHILLEN TWP. Playful pups hoping for new homes have a brand new space at the Stark County Humane Society.
Executive Director Jackie Godbey recently opened the new wing of the county agency s building at 5100 Peach St. NE in the Louisville area.
Mixed-breed dogs, Ruby and Rocki, who have been waiting for homes over the winter, and Willie and Buckeye, waiting since sometime in January, couldn t be happier.
Ruby and Willie wagged their tails as they walked through a dog-sized door that connects their double kennels inside the new wing. Rocki and Buckeye, waiting in single-kennel spaces, cheerfully greeted everyone walking by.
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