NEW YORK (

TheStreet

) -- The ex-dividend date for

Lufkin Industries

(Nasdaq:

LUFK

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $62.91 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Lufkin has been 395,500 shares per day over the past 30 days. Lufkin has a market cap of $1.9 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 1.6% year to date as of the close of trading on Friday.

TheStreet Recommends

Lufkin Industries, Inc. and its subsidiaries manufacture and sell oil field pumping units and power transmission products. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 32.5, above the average energy industry P/E ratio of 32.3 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 impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Lufkin Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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