LUFKIN, Texas, Nov. 3, 2011/PRNewswire/ -- Lufkin Industries, Inc. (NASDAQ: LUFK) announced today that the Board of Directors has declared a fourth quarter cash dividend of $0.125 per share on its common stock. The dividend will be paid on December 9, 2011, to shareholders of record on December 1, 2011. Lufkin Industries, Inc. sells and services oil field pumping units, foundry castings and power transmission products throughout the world. The Company has vertically integrated all vital technologies required to design, manufacture and market its products. Contact: Christopher L. BooneChief Financial Officer936-631-2749 DRG&L: Jack Lascar / 713-529-6600 Anne Pearson / 210-408-6321 SOURCE Lufkin Industries, Inc.
The ex-dividend date for Lufkin Industries (Nasdaq:LUFK) is tomorrow, May 30, 2013. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $88.27 as of 9:30 a.m., the dividend yield is 0.6%.
Lufkin Industries (Nasdaq:LUFK) hit a new 52-week high Wednesday as it is currently trading at $88.63, above its previous 52-week high of $88.58 with 96,528 shares traded as of 10 a.m. ET. Average volume has been 988,400 shares over the past 30 days.