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TheStreet Wire

Lufkin Stock To Go Ex-dividend Tomorrow (LUFK)

By TheStreet Wire 05/29/12 - 09:55 AM EDT

Find out if (LUFK) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Lufkin Industries (Nasdaq:LUFK) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $61.08 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Lufkin has been 421,900 shares per day over the past 30 days. Lufkin has a market cap of $2.03 billion and is part of the basic materials sector and energy industry. Shares are down 10.1% year to date as of the close of trading on Friday.

Lufkin Industries, Inc. manufactures and supplies oilfield and power transmission products for use in energy infrastructure and industrial applications. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 29.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lufkin as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Lufkin Ratings Report.

See our dividend calendar or top-yielding stocks list.

For more information on Lufkin Industries Inc. click any of the following:

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