) -- The ex-dividend date for

Lufkin Industries



) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $62.59 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Lufkin has been 655,900 shares per day over the past 30 days. Lufkin has a market cap of $2 billion and is part of the

basic materials

sector and


industry. Shares are down 4.6% year to date as of the close of trading on Friday.

Lufkin Industries, Inc. manufactures and supplies oil field and power transmission products. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 30.9, below the average energy industry P/E ratio of 33.7 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Lufkin as a


. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase 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


top-yielding stocks list