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NEW YORK ( TheStreet) -- The ex-dividend date for Lufkin Industries (Nasdaq: LUFK) 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 energy 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.